Figure 34-1

In Figure 34-1,

Name: Figure 34-1 In Figure 34-1,
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Question

Figure 34-1 ​

In Figure 34-1,

Quizplus · Accepted Answer

The graph shows that Great Britain has a higher productivity in the production of both scientific equipment and woolens, but the opportunity cost of producing woolens in Great Britain is lower than in Germany, indicating a comparative advantage in woolens production for Great Britain. Therefore, Great Britain should specialize in producing woolens and trade with Germany for scientific equipment.

Figure 34-1 ​ In Figure 34-1

Figure 34-1 In Figure 34-1