=+d. Which country has an absolute advantage in producing cars? In producing grain?

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Brief Principles Of Macroeconomics

ISBN: 9780324590371

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 03:00 AM

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=+d. Which country has an absolute advantage in producing cars? In producing grain?
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=+c. For the United States, what is the opportunity cost of a car? Of grain? For Japan, what is the opportunity cost of a car? Of grain? Put this information in a table analogous to Table 1.
=+e. Which country has a comparative advantage in producing cars? In producing grain?
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=+d. Which country has an absolute advantage in producing cars? In producing grain?

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Brief Principles Of Macroeconomics

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