• Country B is comparative advantageous in wine production because it has to give up fewer tons of wheat to produce wine compared to Country A.
This, both countries end up benefiting with more wheat and wine than they could have produced on their own
It is also important to understand how comparative advantage differs from absolute advantage, another very important economic concept.
• Country B is comparative advantageous in wine production because it has to give up fewer tons of wheat to produce wine compared to Country A.
This, both countries end up benefiting with more wheat and wine than they could have produced on their own
It is also important to understand how comparative advantage differs from absolute advantage, another very important economic concept.

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