(Table) Macrostan and Econostan are neighboring countries with populations of about 10 million people each and land area of 30 to 31 million square miles each. The table shows total output of cheese and wool if each country splits its resources evenly toward the production of both products. Who is likely to be the exporter of each product if voluntary trade is based on comparative advantage? $$\begin{array} { | l | l | l | }
\hline & \text { Cheese output (in tons) } & \text { Wool output (in tons) } \
\hline \text { Macrostan } & 100 \text { million } & 80 \text { million } \
\hline \text { Econostan } & 90 \text { million } & 62 \text { million } \
\hline
\end{array}$$

Question

(Table) Macrostan and Econostan are neighboring countries with populations of about 10 million people each and land area of 30 to 31 million square miles each. The table shows total output of cheese and wool if each country splits its resources evenly toward the production of both products. Who is likely to be the exporter of each product if voluntary trade is based on comparative advantage? $$\begin{array} { | l | l | l | } 
\hline & \text { Cheese output (in tons) } & \text { Wool output (in tons) } \
\hline \text { Macrostan } & 100 \text { million } & 80 \text { million } \
\hline \text { Econostan } & 90 \text { million } & 62 \text { million } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of (Table) Macrostan and Econostan are neighboring countries with populations of about 10 million people each and land area of 30 to 31 million square miles each. The table shows total output of cheese and wool if each country splits its resources evenly toward the production of both products. Who is likely to be the exporter of each product if voluntary trade is based on comparative advantage? $$\begin{array} { | l | l | l | } 
\hline & \text { Cheese output (in tons) } & \text { Wool output (in tons) } \
\hline \text { Macrostan } & 100 \text { million } & 80 \text { million } \
\hline \text { Econostan } & 90 \text { million } & 62 \text { million } \
\hline
\end{array}$$

(Table) Macrostan and Econostan Are Neighboring Countries with Populations of About