Australia has a comparative advantage in the production of both food and electronics

Korea has a comparative advantage in the production of both food and electronics

Korea has a comparative advantage in the production of food while Australia has a comparative advantage in the production of electronics.

Australia has a comparative advantage in the production of food while Korea has a comparative advantage in the production of electronics.

specialize in electronics production, export electronics, and import food

produce neither good because it has an absolute disadvantage in the production of both goods

produce both goods because neither country has a comparative advantage

specialize in food production, export food, and import electronics

The price must be greater than 1/5 of a unit of food but less than 1/4 of a unit of food.

The price must be greater than 4 units of food but less than 5 units of food

The price must be greater than 2 of a unit of food but less than 4 of a unit of food

The price must be greater than 1/4 units of food but less than 1/2 units of food

If the UK has an absolute advantage in the production of food, then Spain must have an absolute advantage in the production of clothing

If the UK has a comparative advantage in the production of food, Spain might also have a comparative advantage in the production of food.

If the UK has a comparative advantage in the production of food, it must also have a comparative advantage in the production of clothing.

If the UK has a comparative advantage in the production of food, then Spain must have a comparative advantage in the production of clothing

neither fruit nor beef.

fruit

both fruit and beef

beef