The following are production possibilities tables for South Korea and the United States. Assume that before specialization and trade the optimal product mix for South Korea is alternative B and for the United States alternative U. 11eb7128_93d7_4086_8de8_db935c64db94_SM2869_00 d. Explain why this illustration allows you to conclude that specialization according to comparative advantage results in more efficient use of world resources.

Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn

النسخة 1الرقم المعياري الدولي: 978-0077230975

Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn

النسخة 1الرقم المعياري الدولي: 978-0077230975

تمرين 3

The following are production possibilities tables for South Korea and the United States. Assume that before specialization and trade the optimal product mix for South Korea is alternative B and for the United States alternative U.

d. Explain why this illustration allows you to conclude that specialization according to comparative advantage results in more efficient use of world resources.

التوضيح

موثّق

By specializing in the production of goo...