Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in wine? a) Portugal b) England c) Both d) Neither e) Can't tell
Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in wine? a) Portugal b) England c) Both d) Neither e) Can't tell
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
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Question
Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the
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a) Portugal |
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b) England |
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c) Both |
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d) Neither |
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e) Can't tell |
Transcribed Image Text:wine
90
80
70
8 8 8 8 8 8
60
50
40
30
20
10
0
0
England
PPF
10 20 30 40 50
60
cloth
wine
90
80
70
60
50
40
30
20
10
0
0
10
20
Portugal
PPF
30 40
50
60
cloth
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