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 Mexico United States
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 Mexico United States
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
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Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
Problem 9PA
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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.
United States
Mexico
Hamburgers (in tons)
0
40
80
120
Which country has an absolute advantage in producing tacos? Mexico
Tacos (in tons)
108
72
36
0
Hamburgers (in tons)
0
8
16
24
Tacos (in tons)
60
40
20
Which country has a comparative advantage in producing tacos? The United States
Suppose the United States is currently producing 80 tons of hamburgers and 36 tons of tacos and Mexico is currently producing 16 tons of hamburgers and 20 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 additional ton(s) of hamburgers can be produced for the two countries
combined (enter a numeric response using an integer) and a total of additional ton(s) of tacos can be produced.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0e44ad8-e39b-4335-9b3a-5001fda4ddc5%2F89067e2a-1d38-4906-a905-3323e90e7247%2Fywgk764_processed.jpeg&w=3840&q=75)
Transcribed Image Text:K
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.
United States
Mexico
Hamburgers (in tons)
0
40
80
120
Which country has an absolute advantage in producing tacos? Mexico
Tacos (in tons)
108
72
36
0
Hamburgers (in tons)
0
8
16
24
Tacos (in tons)
60
40
20
Which country has a comparative advantage in producing tacos? The United States
Suppose the United States is currently producing 80 tons of hamburgers and 36 tons of tacos and Mexico is currently producing 16 tons of hamburgers and 20 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 additional ton(s) of hamburgers can be produced for the two countries
combined (enter a numeric response using an integer) and a total of additional ton(s) of tacos can be produced.
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