Answered: Canada China Time it takes to produce…

Canada China Time it takes to produce one car (hours) 3,500.00 6,000.00 Time it takes to produce one Laptop (hours) 2.00 8.00 ich good will China export and which good will Canada export?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Canada
China
Time it takes to produce one car (hours)
3,500.00
6,000.00
Time it takes to produce one Laptop (hours)
Canada will export laptops and China will export cars.
2.00
Which good will China export and which good will Canada export?
Canada will export cars and China will export laptops.
8.00
China will export laptops and cars. Canada will export neither good.
Canada will export laptops and cars. China will export neither good.

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