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1,Given the table below showing outputs produced by a worker per hour Countries. Oil. Lumber Rwanda. 20. 40 Kenya. 60. 30 (a), State the country
1,Given the table below showing outputs produced by a worker per hour
Countries. Oil. Lumber
Rwanda. 20. 40
Kenya. 60. 30
(a), State the country absolute advantage in each commodity
(b), State the commodity of the comparative advantage in each country
(c),. Compute the gains from trade arising from spacialisation for each country.
(D),. Using clear diagrams, explain the concepts of currency appreciation and depreciation arising from changes In exports and imports.
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