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Econ 4th Edition by William McEachern
النسخة 4الرقم المعياري الدولي: 978-1285423548Econ 4th Edition by William McEachern
النسخة 4الرقم المعياري الدولي: 978-1285423548 تمرين 3
ABSOLUTE AND COMPARATIVE ADVANTAGE You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
Labor Hours Required to Produce One Unit
a. What is the opportunity cost of producing a unit of wheat in the United Kingdom? In the United States?
b. Which country has an absolute advantage in producing wheat? In producing cloth?
c. Which country has a comparative advantage in producing wheat? In producing cloth?
d. Which country should specialize in producing wheat? In producing cloth?
Labor Hours Required to Produce One Unit
a. What is the opportunity cost of producing a unit of wheat in the United Kingdom? In the United States?
b. Which country has an absolute advantage in producing wheat? In producing cloth?
c. Which country has a comparative advantage in producing wheat? In producing cloth?
d. Which country should specialize in producing wheat? In producing cloth?
التوضيح
موثّق
موثّق
a. Opportunity cost:
Number of hours re...
Econ 4th Edition by William McEachern
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