Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below. United States Hamburgers (in tons) 0 90 180 270 Tacos (in tons) 243 162 81 0 Mexico Hamburgers (in tons) 0 9 18 27 Tacos (in tons) 135 90 45 0 Which country has an absolute advantage in producing tacos? The United States. Which country has a comparative advantage in producing tacos? Mexico Suppose the United States is currently producing 180 tons of hamburgers and 81 tons of tacos and Mexico is currently producing 18 tons of hamburgers and 45 tons o tacos. If the United States and Mexico each specialize in producing only one good (the good for which each has a comparative advantage), then a total of additional ton(s) of hamburgers can be produced for the two countries combined (enter a numeric response using an integer)

Suppose the United States and Mexico both produce hamburgers and tacos. The combinations of the two goods that each country can produce in one day are presented in the table below. United States Hamburgers (in tons) 0 90 180 270 Tacos (in tons) 243 162 81 0 Mexico Hamburgers (in tons) 0 9 18 27 Tacos (in tons) 135 90 45 0 Which country has an absolute advantage in producing tacos? The United States. Which country has a comparative advantage in producing tacos? Mexico Suppose the United States is currently producing 180 tons of hamburgers and 81 tons of tacos and Mexico is currently producing 18 tons of hamburgers and 45 tons o tacos. If the United States and Mexico each specialize in producing only one good (the good for which each has a comparative advantage), then a total of additional ton(s) of hamburgers can be produced for the two countries combined (enter a numeric response using an integer)

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter2: Some Tools Of The Economist

Section: Chapter Questions

Problem 7CQ

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