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In that same pairing, the partner with the lower opportunity cost in oil should specialise in oil. That partner is:
AVenezuela
BAustralia
CCanada
DBrazil
Answer & Solution
Correct answer: A. Venezuela
1. Canada took the lumber.
2. The other country takes the oil.
3. It is Venezuela.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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