
ECON MACRO 5th Edition by William McEachern
النسخة 5الرقم المعياري الدولي: 978-1305631946
ECON MACRO 5th Edition by William McEachern
النسخة 5الرقم المعياري الدولي: 978-1305631946 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
a. Opportunity cost:
Number of hours re...
ECON MACRO 5th Edition by William McEachern
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