315553/quizzes/3862261/take Course Placement CT CT2Learn Assume that our world consists of only two countries: the United States (US) and the Rest of the World (ROW). Both of these countries produce airplanes and computers. The amounts of each good produced during an hour in each country are provided in the table below. US Airplanes 5 Computers 15 In computers? P In-Text Citations ▸ Study.com G Google in the US? ROW 1. Based on this table, who has the absolute advantage in airplanes? in the ROW? 4 10 1. What is the opportunity cost of 1 airplane: computers per airplane Q Search computers per airplane What is the opportunity cost of 1 computer in the US? airplanes per computer PRE - ParentVUE SAM SAM y! Infor W @= 315553/quizzes/3862261/take Course Placement CT CT2Learn Assume that our world consists of only two countries: the United States (US) and the Rest of the World (ROW). Both of these countries produce airplanes and computers. The amounts of each good produced during an hour in each country are provided in the table below. US Airplanes 5 Computers 15 In computers? P In-Text Citations ▸ Study.com G Google in the US? ROW 1. Based on this table, who has the absolute advantage in airplanes? in the ROW? 4 10 1. What is the opportunity cost of 1 airplane: computers per airplane Q Search computers per airplane What is the opportunity cost of 1 computer in the US? airplanes per computer PRE - ParentVUE SAM SAM y! Infor W @=
315553/quizzes/3862261/take Course Placement CT CT2Learn Assume that our world consists of only two countries: the United States (US) and the Rest of the World (ROW). Both of these countries produce airplanes and computers. The amounts of each good produced during an hour in each country are provided in the table below. US Airplanes 5 Computers 15 In computers? P In-Text Citations ▸ Study.com G Google in the US? ROW 1. Based on this table, who has the absolute advantage in airplanes? in the ROW? 4 10 1. What is the opportunity cost of 1 airplane: computers per airplane Q Search computers per airplane What is the opportunity cost of 1 computer in the US? airplanes per computer PRE - ParentVUE SAM SAM y! Infor W @= 315553/quizzes/3862261/take Course Placement CT CT2Learn Assume that our world consists of only two countries: the United States (US) and the Rest of the World (ROW). Both of these countries produce airplanes and computers. The amounts of each good produced during an hour in each country are provided in the table below. US Airplanes 5 Computers 15 In computers? P In-Text Citations ▸ Study.com G Google in the US? ROW 1. Based on this table, who has the absolute advantage in airplanes? in the ROW? 4 10 1. What is the opportunity cost of 1 airplane: computers per airplane Q Search computers per airplane What is the opportunity cost of 1 computer in the US? airplanes per computer PRE - ParentVUE SAM SAM y! Infor W @=
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 6PA
Related questions
Question
Transcribed Image Text:315553/quizzes/3862261/take
Course Placement CT CT2Learn
Assume that our world consists of only two countries: the United States (US) and the Rest of
the World (ROW). Both of these countries produce airplanes and computers. The amounts of
each good produced during an hour in each country are provided in the table below.
US
Airplanes 5
Computers 15
In computers?
P In-Text Citations ▸ Study.com G Google
in the US?
ROW
1. Based on this table, who has the absolute advantage in airplanes?
in the ROW?
4
10
1. What is the opportunity cost of 1 airplane:
computers per airplane
Q Search
computers per airplane
What is the opportunity cost of 1 computer in the US?
airplanes per computer
PRE
-
ParentVUE SAM SAM y! Infor
W
@=
Transcribed Image Text:315553/quizzes/3862261/take
Course Placement CT CT2Learn
Assume that our world consists of only two countries: the United States (US) and the Rest of
the World (ROW). Both of these countries produce airplanes and computers. The amounts of
each good produced during an hour in each country are provided in the table below.
US
Airplanes 5
Computers 15
In computers?
P In-Text Citations ▸ Study.com G Google
in the US?
ROW
1. Based on this table, who has the absolute advantage in airplanes?
in the ROW?
4
10
1. What is the opportunity cost of 1 airplane:
computers per airplane
Q Search
computers per airplane
What is the opportunity cost of 1 computer in the US?
airplanes per computer
PRE
-
ParentVUE SAM SAM y! Infor
W
@=
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