Question
4. Which country has an absolute advantage? Country A Food : 6 Clothing: 3 Country B Food: 1 Clothing: 2 Country A Country B 5.
4. Which country has an absolute advantage?
Country A | Food : 6 | Clothing: 3 |
Country B | Food: 1 | Clothing: 2 |
- Country A
- Country B
5. What is opportunity cost of food and clothing in country A?
6. What is opportunity cost of food and clothing in country B?
7. Which country has a comparative advantage in food? In clothing?
8. Define the main factors of production.
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Human Resources In The Urban Economy
Authors: Mark Perlman
1st Edition
1317332474, 9781317332473
