2- Provide a construction of the production possibilities frontier for each country. table of the opportunity cost for both countries. 3- Construct the opportunity cost table for both countries. 4- Conclude which country has a comparative advantage in which product and how international trade makes each country better off.

Q: The U.S. and Mexico both produce vehicles and tons of plastic, which are sold for the same price in…

A: The opportunity cost represents the potential benefits that one has to give up while choosing an…

Q: In a world where the only goods are cell phones and cereal: Jennereelam can produce: 80m kilos of…

A: According to the question given,  Jennereelam can produce 80 million kilos of cereal and 200…

Q: Suppose that Slovenia and Slovakia both produce sunflowers and glass. Slovenia's opportunity cost of…

A: Second and last option is the correct answer. 7 bushels of sunflowers per pane of glass and 8…

Q: If the workers continue to try and produce both, how many pencils will each worker produce, and how…

A: Note: Since you have posted a question with multiple sub parts, we will provide the solution only…

Q: 1.  Country A and country B both produce toasters and sweaters. In country A each worker in a day…

A: Opportunity Cost: It is the cost of next best alternative that is foregone to pursue one course of…

Q: Sean and Yvette are farmers. Each one owns a 12-acre plot of land. The following table shows the…

A: Opportunity cost is the decrease in production of one good needed to increase the production of the…

Q: Suppose that Hungary and Wales both produce boots and wheat. Hungary's opportunity cost of producing…

A: The worth of what you forgo while deciding between two or more possibilities is known as opportunity…

Q: Suppose that Germany can produce at most 150 cars or 50 tractors per month. France can produce at…

A: Opportunity cost is a fundamental concept in economics that refers to the value of the next best…

Q: 2.  In the USA 1 unit of labor can produce 50 cars while in Canada 1 unit of labor can produce 5…

A: Comparative Advantage: In the trade theory the country which have comparative advantage in producing…

Q: has an absolute advantage in the production of alfalfa, and Sean's opportunity cost of producing 1…

A: Absolute advantage refers to the ability to produce more goods using the same resources or same…

Q: föllowing production possibilities frontier for a country to answer the following questions. Which…

A: The curve that shows a combination of the level of two goods that can be manufactured using the…

Q: Larry and Megan are farmers. Each one owns a 12-acre plot of land. The following table shows the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: American and Japanese workers can each produce 4 cars per year. An American worker can produce 10…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Suppose country A specializes in toothpaste, country B specializes in toothbrushes, and both…

A: There are two countries A and B with two goods tooth paste and tooth brushes. Also, it is give that…

Q: Nation 1: China Good 1: Smartphones Nations Given: China and Japan produce only two goods. They have…

A: Comparative advantage is the skill set of an economy to produce goods at a lower opportunity cost.…

Q: Using the numbers in the table, determine which country has a comparative advantage in producing…

A: When a decision is made to devote resources (such as time, money, or effort) to a particular choice…

Q: a. Does any country have absolute advantage in the production of the goods? b. Does any country have…

A: Absolute advantage and comparative advantages are the two widely used terms in Internation Trade.…

Q: The countries of Sanaton and Microtania each produce two goods: Airplanes and Computers. The table…

A: Opportunity cost: When a country picks an option then it has to foregone other options. And the…

Q: For each watch Marina produces, it gives up the opportunity to make 50 pounds of cheese. Cambria can…

A: Opportunity cost: The cost or the price that could have been invested in the next best alternative…

Q: Suppose a worker in Germany can produce 15 cars or 5 tonnes of grain per month. Suppose a worker in…

A: “Hey, since there are multiple subparts questions posted, we will answer the first three subparts…

Q: Country Jeans Corn     Felicidad 8 32 Bellissima 12 24 Felicidad's opportunity cost of producing 1…

A: Given,   Jeans Corn   Felicidad 8 32 Bellissima 12 24

Q: There are two countries, Atlantis and Thule, and two goods, Clothing (C) and food (F) In Atlantis,…

A: The question is asking to determine the opportunity cost, absolute advantage, comparative advantage,…

Q: Let suppose in the world there is two-country, Country X and Country Y. In country X there is only…

A: Hi. Since there are multiple questions, we will do the first three.

Q: Draw two Linear Production Possibilities Curves for two countries: Portugal and England and two…

A: The value of alternative opportunities foregone and sacrificed to acquire one unit of a commodity is…

Q: Suppose Malaydia's production possibilities include a maximum of 150 units of rice and 250 units of…

A: The Malaysia's production possibilities include a maximum of 150 units of rice and 250 units of…

Q: The following table shows per-day production data of rice and T-shirts for two countries, Cambria…

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: has an absolute advantage in the production of barley, and has an absolute advantage in the…

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: Consider the figure on the right. Between points b and c, the opportunity cost of tons of steel…

A: Suppose an economy produces two types of goods, i.e., good A and good B.The opportunity cost of…