Refer to the information provided in Table 18.1 below to answer the questions that follow.
Table 18.1
-Refer to Table 18.1. Guatemala should specialize in and export ________, and Mexico should specialize in and export ________.
A) oranges; oranges
B) bananas; bananas
C) bananas; oranges
D) oranges; bananas

Question

Refer to the information provided in Table 18.1 below to answer the questions that follow.
Table 18.1 
-Refer to Table 18.1. Guatemala should specialize in and export ________, and Mexico should specialize in and export ________.
A) oranges; oranges 
B) bananas; bananas 
C) bananas; oranges 
D) oranges; bananas

Quizplus · Accepted Answer

Based on the principle of comparative advantage, each country should specialize in and export the good for which it has a lower opportunity cost compared to the other country.

Refer to the Information Provided in Table 18