题目内容
The marginal rate of transformation equals the absolute slope of a country's production possibilities schedule.
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Assume that Germany has higher labor productivity and higher wage levels than France. Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential.
Ricardo's theory of comparative advantage does not take into account demand conditions when determining relative commodity prices.
If Canada has a higher wage level and higher labor productivity than Mexico, Canada will necessarily produce a good at a higher labor cost than Mexico.
If Argentina has a comparative advantage over Brazil in beef relative to coffee, Argentian will specialize in beef production.
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