Home has absolute and comparative advantage in wine

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Reference no: EM13854205

ALC= LABOR HRS PRODUCE CHOCOLATE ALW= HRS WINE

Home ALC : 4 ALW: 5

Foreign ALC: 2 ALW: 4

Which is true?

-Home has absolute advantage both chocolate and wine, comparative in chocolate

-Home has absolute and comparative advantage in wine

Reference no: EM13854205

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