Given the tables associated with Question 1 about these two countries, select every correct statement (note: there may be a multiple number of correct statements below).
Note that there is no partial credit on this question – you must get it completely correct, or your answer is incorrect.
1.Costa Rica has a comparative advantage in producing coffee
2.Costa Rica has a comparative advantage in producing electronic goods
3.Mexico has a comparative advantage in producing coffee
4.Mexico has a comparative advantage in producing electronic goods
5. Both Mexico and Costa Rica have a comparative advantage in producing coffee
6. Both Mexico and Costa Rica have a comparative advantage in producing electronic goods
7. Neither country has a comparative advantage in producing coffee
8. Neither country has a comparative advantage in producing electronic goods
Please write out which answers are valid by referencing 1-8 with proper justification