Estonia Finland One Cell Phone 40 hours 15 hours Lumber (per board foot) 8 hours 4 hours Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland. Refer to Table 2-5. Does either Estonia or Finland have a comparative advantage and if so, in what product? O Both countries have the comparative advantage in both lumber and cellphones. O Estonia has an comparative advantage in lumber while Finland has the comparative advantage in cellphones. O Finland has an comparative advantage in lumber while Estonia has the comparative advantage in cellphones. O cannot be determined.
Estonia Finland One Cell Phone 40 hours 15 hours Lumber (per board foot) 8 hours 4 hours Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland. Refer to Table 2-5. Does either Estonia or Finland have a comparative advantage and if so, in what product? O Both countries have the comparative advantage in both lumber and cellphones. O Estonia has an comparative advantage in lumber while Finland has the comparative advantage in cellphones. O Finland has an comparative advantage in lumber while Estonia has the comparative advantage in cellphones. O cannot be determined.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
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Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...
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![Estonia
Finland
One Cell
Phone
40 hours
15 hours
Lumber (per
board foot)
8 hours
4 hours
Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
Refer to Table 2-5. Does either Estonia or Finland have a comparative advantage and if so, in what product?
O Both countries have the comparative advantage in both lumber and cellphones.
O Estonia has an comparative advantage in lumber while Finland has the comparative advantage in cellphones.
O Finland has an comparative advantage in lumber while Estonia has the comparative advantage in cellphones.
O cannot be determined.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83d6899a-3ef9-4f26-abde-1ce76b5f48dd%2Fb95d3cac-c8ba-4e8d-8f32-087792ea8879%2Fjbtxn6s_processed.png&w=3840&q=75)
Transcribed Image Text:Estonia
Finland
One Cell
Phone
40 hours
15 hours
Lumber (per
board foot)
8 hours
4 hours
Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
Refer to Table 2-5. Does either Estonia or Finland have a comparative advantage and if so, in what product?
O Both countries have the comparative advantage in both lumber and cellphones.
O Estonia has an comparative advantage in lumber while Finland has the comparative advantage in cellphones.
O Finland has an comparative advantage in lumber while Estonia has the comparative advantage in cellphones.
O cannot be determined.
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