D2) Consider the following hypothetical workersSoyVietnamese WorkerU.S. WorkerSoy40101020ShoesShoes21. If both workers make only shoes then the Vietnamese worker will makeand the American worker will makea 10;40b) 10;20с. 1: 2d. 2; 1pairspairs.22. If both workers make only soy, then the Vietnamese worker will makethe American worker will makea 10:406. 10;20с. 1; 2d. 2; 1Ibs. andIbs.23. The average US worker has an absolute advantage in the production ofboth shoes and soy.b. neither good; the Vietnamese worker has an absolute advantage in both.c. soy, and the Vietnamese worker has an absolute advantage in shoes.d. shoes, and the Vietnamese worker has an absolute advantage in soy.24. The opportunity cost of making one pair of shoes isVietnamese worker andIbs. of soy for theIbs. of soy for the US worker.a. 10; 40b. 2; 1/2с. 1;B 2d. 1; 1/2alued byy society,racting new firmsdoing, theat society values theby society,out their

Question Number 21: If Vietnam produces only shoes then the production of soy is zero so we see the…

Consider the following hypothetical workers Soy Vietnamese Worker Soy U.S. Worker 40 10 10 (20 Shoes Shoes 21. If both workers make only shoes then the Vietnamese worker will make and the American worker will make pairs pairs. 10:40 6 10;20 c. 1; 2 d. 2; 1 22. If both workers make only soy, then the Vietnamese worker will make the American worker will make Ibs. and Ibs. 10;40 Б. 10;20 с. 1;B 2 d. 2; 1 23. The average US worker has an absolute advantage in the production of both shoes and soy. . neither good; the Vietnamese worker has an absolute advantage in both. c. soy, and the Vietnamese worker has an absolute advantage in shoes. d. shoes, and the Vietnamese worker has an absolute advantage in soy. The onnortur

Consider the following hypothetical workers Soy Vietnamese Worker Soy U.S. Worker 40 10 10 (20 Shoes Shoes 21. If both workers make only shoes then the Vietnamese worker will make and the American worker will make pairs pairs. 10:40 6 10;20 c. 1; 2 d. 2; 1 22. If both workers make only soy, then the Vietnamese worker will make the American worker will make Ibs. and Ibs. 10;40 Б. 10;20 с. 1;B 2 d. 2; 1 23. The average US worker has an absolute advantage in the production of both shoes and soy. . neither good; the Vietnamese worker has an absolute advantage in both. c. soy, and the Vietnamese worker has an absolute advantage in shoes. d. shoes, and the Vietnamese worker has an absolute advantage in soy. The onnortur

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 29P: France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting...

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