Problem 2 See the Table below. Wheat Vietnam 25 Mexico 40 Rice 80 20 Answer the following questions: a) Which country has absolute advantage in production of wheat? In production of rice? Why? b) Calculate opportunity cost of producing 1 kilo of wheat and 1 kilo of rice for Vietnam and for Mexico c) Based on your calculations in question b) what is the best solution: what will Vietnam produce and what will Mexico produce in the future? Why? Explain

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