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In Country J, it takes one hour to knit a pair of socks, and five hours to brew a gallon of cider. In Country K, it takes three hours to knit a pair...
In Country J, it takes one hour to knit a pair of socks, and five hours to brew a gallon of cider. In Country K, it takes three hours to knit a pair of socks, and six hours to brew a gallon of cider. If trade were to open between the two countries, Ricardo would predict that
A. Country J will export cider and Country K will export socks.
B. Country J will export socks and Country K will export cider.
C. Country J will export both socks and cider.
D. Country K will export both socks and cider.