The table below describes production possibilities for Mexico and Nigeria. Each number in the table shows the number of workers needed to produce one unit of the product.CountryShoesGlassesMexico1012Nigeria185 Which country has an absolute advantage in producing Glasses?Which country has a comparative advantage in producing Glasses?Which country has a comparative advantage in producing Shoes?

Mexico needs 10 workers to produce one unit of the shoe and 12 workers to produce one unit of…

Answered: The table below describes production…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below describes production possibilities for Mexico and Nigeria. Each number in the table shows the number of workers needed to produce one unit of the product.

Country	Shoes	Glasses
Mexico	10	12
Nigeria	18	5

Which country has an absolute advantage in producing Glasses?
Which country has a comparative advantage in producing Glasses?
Which country has a comparative advantage in producing Shoes?

Definition Video Definition Ability of a country to produce more output with a given level of input or to produce the same level of output with a lower level of input as compared to the other countries. For example, if Country A produces 200 units with the help of 10 units of labor, and Country B produces 300 units with 10 units of labor, Country A has an absolute advantage in the production of the good. Video

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