Labour hours needed to make 1 unit Cars Airplanes Amount producedin 24 hours: Airplanes Cars Canada 30 120 54 18 Japan 40 160 60 15 24. Refer to the above table. Which country has a comparative advantage in each product? Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in neither good. а. b. Canada has a comparative advantage in cars, and Japan has a comparative advantage in airplanes. C. Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in cars. d. Canada has a comparative advantage in neither good, and Japan has a comparative advantage in dars.

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

Need help with micro multiple choice question

Amount producedin 24 hours:
Airplanes
Labour hours needed to make 1 unit
Cars
Airplanes
Cars
Canada
30
120
54
18
Japan
40
160
60
15
24.
Refer to the above table. Which country has a comparative advantage in each product?
Canada has a comparative advantage in airplanes, and Japan has a comparative
advantage in neither good.
а.
b.
Canada has a comparative advantage in cars, and Japan has a comparative advantage in
airplanes.
C.
Canada has a comparative advantage in airplanes, and Japan has a comparative
advantage in cars.
d.
Canada has a comparative advantage in neither good, and Japan has a comparative
advantage in cars.
Transcribed Image Text:Amount producedin 24 hours: Airplanes Labour hours needed to make 1 unit Cars Airplanes Cars Canada 30 120 54 18 Japan 40 160 60 15 24. Refer to the above table. Which country has a comparative advantage in each product? Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in neither good. а. b. Canada has a comparative advantage in cars, and Japan has a comparative advantage in airplanes. C. Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in cars. d. Canada has a comparative advantage in neither good, and Japan has a comparative advantage in cars.
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 with 1 images

Blurred answer
Knowledge Booster
Absolute 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