Assume that Colombia gives up three motorcycles for each ton of coffee it produces, while Bolivia gives up seven motorcycles for each ton of coffee it produces. Colombia has a comparative advantage in _____ production and should specialize in

Respuesta :

Answer:

coffee

Explanation:

According to my research on macroeconomics, I can say that based on the information provided within the question Colombia has a comparative advantage in coffee production and should specialize in coffee production. This is because Colombia has a 3:1 ratio of motorcycles to coffee production while Bolivia has a 7:1, therefore Colombia is able to produce more tons of Coffee with a minimum amount of resources.

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