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. Mexico United States Hamburgers (in tons) 0 40 80 120 Tacos (in tons) 72 48 24 0 ▼ Hamburgers (in tons) 0 4 8 12 Tacos (in tons) 60 40 20 0 Which country has an absolute advantage in producing tacos? Which country has a comparative advantage in producing tacos? Suppose the United States is currently producing 80 tons of hamburgers and 24 tons of tacos and Mexico is currently producing 8 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.
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. Mexico United States Hamburgers (in tons) 0 40 80 120 Tacos (in tons) 72 48 24 0 ▼ Hamburgers (in tons) 0 4 8 12 Tacos (in tons) 60 40 20 0 Which country has an absolute advantage in producing tacos? Which country has a comparative advantage in producing tacos? Suppose the United States is currently producing 80 tons of hamburgers and 24 tons of tacos and Mexico is currently producing 8 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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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.
Mexico
United States
Hamburgers (in tons)
Which country has an absolute advantage in producing tacos?
0
40
80
120
Tacos (in tons)
72
48
24
0
Hamburgers (in tons)
0
4
8
12
Tacos (in tons)
60
40
20
0
Which country has a comparative advantage in producing tacos?
Suppose the United States is currently producing 80 tons of hamburgers and 24 tons of tacos and Mexico is currently producing 8 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%2Fa8bdba0f-2cdc-485f-acc7-66450265a984%2Fa44d257a-afb7-4892-a640-4f59c9018382%2Fzoxolqw_processed.png&w=3840&q=75)
Transcribed Image Text: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.
Mexico
United States
Hamburgers (in tons)
Which country has an absolute advantage in producing tacos?
0
40
80
120
Tacos (in tons)
72
48
24
0
Hamburgers (in tons)
0
4
8
12
Tacos (in tons)
60
40
20
0
Which country has a comparative advantage in producing tacos?
Suppose the United States is currently producing 80 tons of hamburgers and 24 tons of tacos and Mexico is currently producing 8 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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