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28 Sep 2019
1.1(Comparative Advantage) Suppose that each U.S. worker produces 8 units of food or 2 units of clothing daily. In Izodia, which has the same number of workers, each worker can produce 7units of food or 1 unit of clothing daily.
Why does the United States have an absolute advantage in both goods?
Which country enjoys a comparative advantage in food? Why?
1.1(Comparative Advantage) Suppose that each U.S. worker produces 8 units of food or 2 units of clothing daily. In Izodia, which has the same number of workers, each worker can produce 7units of food or 1 unit of clothing daily.
Why does the United States have an absolute advantage in both goods?
Which country enjoys a comparative advantage in food? Why?
lalithashwin156Lv10
5 May 2023
Ritu KharbLv5
28 Sep 2019
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