Suppose that in an hour an American worker can produce 200 clothes or 20 cars, while a brazillian can produce 150 clothes or 10 cars. 1. Who has the absolute advantage in production if clothes 2. Who has the absolute advantage in the production of cars 3. Who has a comparative advantage in the production of clothes
Suppose that in an hour an American worker can produce 200 clothes or 20 cars, while a brazillian can produce 150 clothes or 10 cars. 1. Who has the absolute advantage in production if clothes 2. Who has the absolute advantage in the production of cars 3. Who has a comparative advantage in the production of clothes
Chapter28: International Trade
Section: Chapter Questions
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Suppose that in an hour an American worker can produce 200 clothes or 20 cars, while a brazillian can produce 150 clothes or 10 cars.
1. Who has the
2. Who has the absolute advantage in the production of cars
3. Who has a
4. Who has a comparative advantage in the production of cars
5. What is the
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