i need the answer quickly

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Practice Pack
i need the answer quickly
Assume that Japan and Korea can switch between producing cars and producing aeroplanes at
a constant rate.
Hours Needed
Quantity Produced
to Make 1
in 2400 Hours
Car Aeroplane
Cars
Aeroplanes
Japan
30
150
80
16
Korea
150
48
16
Japan has an absolute advantage in the production of
O a.
neither good and a comparative advantage in the production of cars.
O b.
cars and a comparative advantage in the production of cars.
O c.
cars and a comparative advantage in the production of airplanes.
O d. neither good and a comparative advantage in the production of airplanes.
Transcribed Image Text:Assume that Japan and Korea can switch between producing cars and producing aeroplanes at a constant rate. Hours Needed Quantity Produced to Make 1 in 2400 Hours Car Aeroplane Cars Aeroplanes Japan 30 150 80 16 Korea 150 48 16 Japan has an absolute advantage in the production of O a. neither good and a comparative advantage in the production of cars. O b. cars and a comparative advantage in the production of cars. O c. cars and a comparative advantage in the production of airplanes. O d. neither good and a comparative advantage in the production of airplanes.
Expert Solution
trending now

Trending now

This is a popular solution!

video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Comparative Advantage
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education