1.Following table shows production capacity of two goods i.e. paper and pin of China and Bangladesh. China...

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1.Following table shows production capacity of two goods i.e. paper and pin of China and Bangladesh.

China

Bangladesh

1 unit of Pin

1 hr

4 hrs

1 unit of Paper

3 hrs

8 hrs

a.Which nation has an absolute advantage in the production of each good?

b.Which nation has a comparative advantage in the production of each good?

c.If the nation trade with each other, which good will each export?

Related Book For answer-question

Modern Systems Analysis And Design

ISBN: 9780134204925

8th Edition

Authors: Joseph Valacich, Joey George

Posted Date: Jul 12, 2024 04:16 AM

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1.Following table shows production capacity of two goods i.e. paper and pin of China and Bangladesh. China...

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Modern Systems Analysis And Design

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