The table below shows the labour productivity for the countries of Yin and Yang. Yin Yang Yin Yang Totals Machines 3 a. If the working populations of Yin and Yang are both 50 million, divided equally between the two industries in each country, how many machines and loaves of bread (in millions) are currently being produced in Yin and Yang? 2 Yin Yang Totals Machines or or Loaves of bread 2 10 b. If the two countries decide to specialize, in which product does each country have a comparative advantage? Yin: (Click to select) Yang: (Click to select) M c. If the two countries specialize in the product in which they have a comparative advantage, show their total outputs in the table below. Machines Loaves of bread Loaves of bread

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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The table below shows the labour productivity for the countries of Yin and Yang.
Yin
Yang
Yin
Yang
Totals
Machines
3
2
a. If the working populations of Yin and Yang are both 50 million, divided equally between the two industries in each country, how
many machines and loaves of bread (in millions) are currently being produced in Yin and Yang?
Yin
Yang
Totals
Machines
or
or
Loaves of
bread
2
10
Machines
b. If the two countries decide to specialize, in which product does each country have a comparative advantage?
Yin: (Click to select)
Yang: (Click to select)
Loaves of
bread
c. If the two countries specialize in the product in which they have a comparative advantage, show their total outputs in the table
below.
Loaves of
bread
< Prev
O Search
16 of 18
www
SAMSUNG
Next >
Transcribed Image Text:The table below shows the labour productivity for the countries of Yin and Yang. Yin Yang Yin Yang Totals Machines 3 2 a. If the working populations of Yin and Yang are both 50 million, divided equally between the two industries in each country, how many machines and loaves of bread (in millions) are currently being produced in Yin and Yang? Yin Yang Totals Machines or or Loaves of bread 2 10 Machines b. If the two countries decide to specialize, in which product does each country have a comparative advantage? Yin: (Click to select) Yang: (Click to select) Loaves of bread c. If the two countries specialize in the product in which they have a comparative advantage, show their total outputs in the table below. Loaves of bread < Prev O Search 16 of 18 www SAMSUNG Next >
d. What are the gains from trade?
Machines
Loaves of
bread
< Prev
Search
16 of 18
www
www
SAMSUNG
Next >
Transcribed Image Text:d. What are the gains from trade? Machines Loaves of bread < Prev Search 16 of 18 www www SAMSUNG Next >
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