COUNTRY COFFEE TEA Jamaica 10 5 United States of America 50 20 A. Which country has the absolute advantage in the produc

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COUNTRY COFFEE TEA Jamaica 10 5 United States of America 50 20 A. Which country has the absolute advantage in the produc

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COUNTRY COFFEE TEA Jamaica 10 5 United States of America 50 20
A. Which country has the absolute advantage in the production of
both goods? (4 marks) B. Which has the comparative advantage in the
production of both goods? (6 marks) C. Protectionist policies are
beneficial to all countries of the world therefore all countries
should ensure that such policies are instituted. Assess the
validity of this statement.
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