1. Which country has an absolute advantage in Weapon? 2. Which country has an absolute advantage in Iceburst Stone? 3. Which country has a comparative advantage in Weapon? 4. What is the Relative Price of Iceburst Stone in Eldia? 5. What is the Relative Price of Iceburst Stone in Hizuru? 6. Which country has a comparative advantage in Iceburst Stone? 7. When trade is opened, which country exports Weapon? 8. When trade is opened, which country exports Iceburst Stone? 9. A country is relatively (blank) if it has a higher ratio of labor to other factors than does the rest of the world. 10. A product is relatively (blank) if labor costs are a greater share of its value than they are of the value of other products.
The table of the given is in the image. Thank you.
1. Which country has an
2. Which country has an absolute advantage in Iceburst Stone?
3. Which country has a
4. What is the Relative Price of Iceburst Stone in Eldia?
5. What is the Relative Price of Iceburst Stone in Hizuru?
6. Which country has a comparative advantage in Iceburst Stone?
7. When trade is opened, which country exports Weapon?
8. When trade is opened, which country exports Iceburst Stone?
9. A country is relatively (blank) if it has a higher ratio of labor to other factors than does the rest of the world.
10. A product is relatively (blank) if labor costs are a greater share of its value than they are of the value of other products.
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