Table 18-2: Output Per Unit of Labor Input England Portugal Cloth 20 24 Wine 12 Based on Table 18-2, a. England has a comparative advantage over Portugal in the production of cloth. b. Portugal has a comparative advantage over England in the production of cloth c. Only England will benefit from trade. d. A basis for trade between England and Portugal does not exist.

Table 18-2: Output Per Unit of Labor Input England Portugal Cloth 20 24 Wine 12 Based on Table 18-2, a. England has a comparative advantage over Portugal in the production of cloth. b. Portugal has a comparative advantage over England in the production of cloth c. Only England will benefit from trade. d. A basis for trade between England and Portugal does not exist.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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