Assume that for Canada the opportunity cost of producing 1 television set is 2 bushels of wheat. Assume that for the U.S. the opportunity cost of producing 1 bushel of wheat is 2 television sets. All other things being equal:

A. Canada should export televisions and import wheat.
B. Canada should export wheat and import televisions.
C. the United States should export wheat and import televisions.
D. the United States should export televisions and import wheat.


B. Canada should export wheat and import televisions.

Economics

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Economics