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Can you show work for both questions Chapter 12 Ch. 12 Practice: 1. Suppose country A can produce 30 units of Corn per time period

Can you show work for both questions

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Chapter 12 Ch. 12 Practice: 1. Suppose country A can produce 30 units of Corn per time period (if it specializes in Corn). Country A can produce 3 outfits per time period (if it specializes in outfits). If country B specializes in Corn, it can produce 40 units per time period. If country B specialized in Outfits, it can produce 5 outfits per time period. Country A and country B's PPFs are diagrammed below. Country A Country B Corn Corn 40 40 30 30 20 20 10 10 2 3 5 Outfits 2 3 4 5 Outfits From this information, we could say that.. a. A has a comparative advantage in Outfits. b. B has a comparative advantage in Corn. c. A has a comparative advantage in Corn. d. A has an absolute advantage. e. none of the above. 2. Country A can produce one Outfit in 6 hours and one unit of Corn in 2 hour. Country B can produce one Outfit in 16 hours and one unit of Corn in 6 hours. Which of the following statements is true? a. Country B has an absolute advantage in the production of both Corn and Outfits. trade opens. b. Country B has a comparative advantage in Corn and will specialize in the production of Corn if c. If trade opens, B will tend to specialize in the production of Outfits while A will tend to specialize in the production of Corn - then gains from trade would typically be possible. d. Country A has a comparative advantage in Outfits. e. None of the above

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