Comparative Advantages Worksheet Directions: For each constant cost problem below, answer the following questions after creating a cost ratio table: 1. Is this an INPUT or an OUTPUT question? 2. Who has the absolute advantage for each product? 3. Who has a comparative advantage for the first product? 4. Who has a comparative advantage for the second product? REMEMBER: (000) Output problems Other goes Over (IOU) Input problems Other goes Under 1. Mexico is able to produce 15 tons of soybeans or 60 tons of avocados. The US is able to produce 30 tons of soybeans or 90 tons of avocados. 1. 2. 3. 4. 2. The US is able to produce 30 tons of coffee or 30 tons of wheat. Brazil is able to produce 20 tons of coffee or 10 tons of wheat. 1. 2. 3. 4. 5. 3. Robinson Crusoe can gather 10 coconuts or catch 1 fish per hour. His friend, Friday, can gather 30 coconuts or catch 2 fish per hour. 1. 2 . 3. 4. 5 . 4. In Texas, a Farmer requires 40 hours of labor to produce one unit of beef or 20 hours of labor to produce one unit of potatoes. His neighbor, a Rancher, requires 30 hours of labor to produce one unit of beef or 10 hours of labor to produce one unit of potatoes.Name Date/Per 5. George fixes 16 flats or 8 brakes per day. Amy fixes 14 flats or 8 brakes per day. 1. 2. 3. 4. 5 . Ana takes 30 minutes to wash the dishes and one hour to vacuum the house. Her husband, Joe, takes 15 minutes to wash the dishes and 45 minutes to vacuum the house. 1. 2. 3. 4. 5. 7. Spaniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 3 gallons of olive oil per worker hour. 1. 2. 3. 4. 5 . 8. The USA produces 50 computers or 50 TVs per million hours of labor. China produces 30 computers or 40 IVs per million hours of labor. 1. 2 . 3. 4. 5 . 9. Refinery EM can produce 22 gallons of gasoline or 18 gallons of flight fuel per barrel of crude oil. Refinery CG can produce 18 gallons of gasoline or 16 gallons of flight fuel per barrel of crude oil