5. A) With the following data decide which country has comparative advantage for which good. Show your math. Good A Good B Country 1 300 30 Country 2 60 90
5. A) With the following data decide which country has comparative advantage for which good. Show your math. Good A Good B Country 1 300 30 Country 2 60 90
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 6PA
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![6. A) With the following data decide which country has comparative advantage for which good. Show
your math.
Good A
Good B
Country 1
300
30
Country 2
60
90
B) Using the data from above prove both countries can be better off trading with each other than if they
do not trade.
C) Why do we use comparative advantage to decide which country produces which good? Support your
answer.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75227c3d-0045-449f-908c-0dff54e4e54b%2Ff51f9af8-1648-4769-a600-fabf65a9cf13%2Fohzejon_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. A) With the following data decide which country has comparative advantage for which good. Show
your math.
Good A
Good B
Country 1
300
30
Country 2
60
90
B) Using the data from above prove both countries can be better off trading with each other than if they
do not trade.
C) Why do we use comparative advantage to decide which country produces which good? Support your
answer.
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