Who has the absolute advantage in the production of cars? Who has the absolute advantage in the production of grains? Who has a comparative advantage in the production of cars?
Who has the absolute advantage in the production of cars? Who has the absolute advantage in the production of grains? Who has a comparative advantage in the production of cars?
Chapter28: International Trade
Section: Chapter Questions
Problem 2P
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American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. Each country has 100 million workers.
Who has the
Who has the absolute advantage in the production of grains?
Who has a
Who has a comparative advantage in the production of cars?
What is the
?
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