1. Canada produces 120 bicycles or 40 Cars per week. Japan produces 100 bicycles or 50 Cars per week

2. Steven makes 8 burgers or 2 pizzas an hour. Ben makes 6 burgers or 2 pizzas an hour.

3. Jennifer takes 30 minutes to fold laundry and 1 hour to mow the lawn. Kyle takes 15 minutes to fold laundry and 45 minutes to mow the lawn.

4. Ryan fixes 28 scooters or 14 cars per month. Tim fixes 30 scooters or 6 cars per month.

Answer for each of above Questions

c) Identify the per unit opportunity cost

d )Identify who has the ABSOLUTE ADVANTAGE

e) Identify who has a COMPARATIVE ADVANTAGE

f) Identify how they should specialize (who should produce what?)

g) Identify the terms of trade that would be beneficial to both parties