Q 1.With its ideal climate, Colombia grows coffee more efficiently than any other nation in the world. With regards to coffee production, Colombia is said to have which of the following? 2.Due to its climate and a large amount of land suitable for dairy cows, Ireland can produce cheese and butter more efficiently than other products. Because of this, Ireland is said to have which of the following in cheese and butter production? 3.Which of the following statements is correct regarding absolute and comparative advantage? 4. Charlotte has grown her lumber business in the United States, and she would now like to sell and ship a portion of her lumber produced in the United States to customers in Europe. Regarding her plan to sell and ship some of her lumber to European customers, Charlotte plans to engage in which of the following forms of business activity? 5. Suppose that The TJX Companies, Inc., purchases wicker baskets produced in China and sells them to customers in its stores in the United States. Regarding the purchase of wicker baskets produced in China and bringing them into the United States for resale, The TJX Companies, Inc., is engaging in which of the following forms of business activities?