MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
11th Edition
ISBN: 9781264207718
Author: Colander
Publisher: MCG CUSTOM
Question
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Chapter 2, Problem 9QE

(a)

To determine

Graphical representation of production possibility curve of two countries.

(b)

To determine

Comparative advantage of the U.S.

(c)

To determine

Possibility of gain from trade between the U.S and Japan.

(d)

To determine

Graphical representation of gain from trade between the U.S and Japan.

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its already answered in this site so you can just just send me by copying it A) With the following data decide which country has comparative advantage for which good. Show your math.   Good X Good Y Country A 75 75 Country B 60 70   B) Using the data above prove both countries can be better off trading with each other than if they do not trade.   C)Why do we use comparative advantage to decide which country produces which good? Support your answer.
1. A) With the following data decide which country has comparative advantage for which good. Show your math. Good X Good Y Country A 75 75 Country B 60 70 B) Using the data above prove both countries can be better off trading with each other than if they do not trade. C)Why do we use comparative advantage to decide which country produces which good? Support your answer.
Will a country import or export products for which it has a comparative advantage? Explain.
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