A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel.

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A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel. Output per worker is as follows:

Do skilled workers have an absolute advantage in the production of computers? Do unskilled workers have a comparative advantage in the production of steel? Explain your answers carefully.

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:53 AM

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A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel.

Question:

Output per Worker Computers Steel Unskilled workers Skilled workers

Step by Step Answer:

A skilled worker can produce more computers and more steel than an u...View the full answer

Microeconomics

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