Question
Complete the opportunity cost Tables and Indicate Which country has a comparative advantage in each good? A1. Output per worker day A2. Opportunity cost (4
Complete the opportunity cost Tables and Indicate Which country has a comparative advantage in each good?
A1.Output per worker day A2. Opportunity cost(4 answers, one in each box/cell)
| Country | Australia | UK |
| Millet | 100 | 50 |
| Gold | 20 | 100 |
| Country | Australia | UK |
| Millet | ||
| Gold |
CA for Australia ___________
CA for UK_________________
B1. Output per worker day B2. Opportunity cost (4 answers)
| Country | Spain | Portugal |
| Cotton | 200 | 60 |
| Timber | 40 | 20 |
| Country | Spain | Portugal |
| Cotton | ||
| Timber |
CA for Spain ________________
CA for Portugal _____________
C.1.Opportunity cost per unit of output
| Country | Finland | Sweden |
| Diamonds | 500 | 100 |
| Rice | 50 | 20 |
| Country | Finland | Sweden |
| Diamond | ||
| Rice |
C2.Opportunity cost (4 answers)
CA for Finland __________________
CA for Sweden _________________
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The Worldly Philosophers The Lives, Times And Ideas Of The Great Economic Thinkers
Authors: Robert L Heilbroner
7th Edition
068486214X, 9780684862149
