Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below. Part 2 United States Mexico Hamburgers (in tons) Tacos (in tons) Hamburgers (in tons) Tacos (in tons) 0 270 0 150 100 180 20 100 200 90 40 50 300 0 60 0 Part 3 Which country has an absolute advantage in producing tacos? The United States Mexico . Part 4 Which country has a comparative advantage in producing tacos? The United States Mexico . Part 5 Suppose the United States is currently producing 200 tons of hamburgers and 90 tons of tacos and Mexico is currently producing 40 tons of hamburgers and 50 tons of tacos. If the United States and Mexico each specialize in producing only one good (the good for which each has a comparative advantage), then a total of enter your response here ___additional ton(s) of hamburgers can be produced for the two countries combined (enter a numeric response using an integer) and a total of enter your response here additional ton(s) ___ of tacos can be produced.
Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below. Part 2 United States Mexico Hamburgers (in tons) Tacos (in tons) Hamburgers (in tons) Tacos (in tons) 0 270 0 150 100 180 20 100 200 90 40 50 300 0 60 0 Part 3 Which country has an absolute advantage in producing tacos? The United States Mexico . Part 4 Which country has a comparative advantage in producing tacos? The United States Mexico . Part 5 Suppose the United States is currently producing 200 tons of hamburgers and 90 tons of tacos and Mexico is currently producing 40 tons of hamburgers and 50 tons of tacos. If the United States and Mexico each specialize in producing only one good (the good for which each has a comparative advantage), then a total of enter your response here ___additional ton(s) of hamburgers can be produced for the two countries combined (enter a numeric response using an integer) and a total of enter your response here additional ton(s) ___ of tacos can be produced.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below.
Part 2
|
United States
|
Mexico
|
|
Hamburgers (in tons)
|
Tacos (in tons)
|
Hamburgers (in tons)
|
Tacos (in tons)
|
|
0
|
270
|
0
|
150
|
|
100
|
180
|
20
|
100
|
|
200
|
90
|
40
|
50
|
|
300
|
0
|
60
|
0
|
Part 3
Which country has an absolute advantage in producing tacos?
.
The United States
Mexico
Part 4
Which country has a comparative advantage in producing tacos?
.
The United States
Mexico
Part 5
Suppose the United States is currently producing
200 tons of hamburgers and 90 tons of tacos and Mexico is currently producing 40 tons of hamburgers and 50 tons of tacos. If the United States and Mexico each specialize in producing only one good (the good for which each has a comparative advantage), then a total of
enter your response here ___additional ton(s) of hamburgers can be produced for the two countries combined (enter a numeric response using an integer) and a total of enter your response here additional ton(s) ___ of tacos can be produced.
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