Suppose that one day of labor in each country produces the following quantities of fish and cheese: 1. Does France have a comparative advantage in the production of fish, cheese, or neither? Explain.   2. Does Japan have a comparative advantage in the production of fish, cheese, or neithter? Explain.   3. Suppose the countries decide to trade with each other—1 ton of cheese for 3 tons of fish. Would this trade be advantageous to both countries? Explain.     Country  Fish (tons) Cheese (tons) France 80 40 Japan 200 50

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose that one day of labor in each country produces the following quantities of fish and cheese:

1. Does France have a comparative advantage in the production of fish, cheese, or neither? Explain.
 
2. Does Japan have a comparative advantage in the production of fish, cheese, or neithter? Explain.
 
3. Suppose the countries decide to trade with each other—1 ton of cheese for 3 tons of fish. Would this trade be advantageous to both countries? Explain.
 
 
Country  Fish (tons) Cheese (tons)
France 80 40
Japan 200 50
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