Us and canada can both grow wheat and can do mining

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US and Canada can both grow wheat and can do mining. Use the following table to look for which country has a comparative advantage in mining. (Hint: Find the cost of mining in terms of wheat in each country.)

Absolute Cost in US Absolute Cost in Canada

Wheat $5 C$8

Mining $10 C$12

Canada has a comparative advantage in mining.

TheUShas a comparative advantage in mining.

No comparative advantage in mining exists for either nation.

We must first know the exchange rate to be able to answer this question.

Both a and b.

Reference no: EM13246051

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