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How to solve the comparative advantage First- Identify if it is a output or input question Second-Identify who has the ABSOLUTE ADVANTAGE Third-Identify who has

How to solve the comparative advantage First- Identify if it is a output or input question

Second-Identify who has the ABSOLUTE ADVANTAGE

Third-Identify who has a COMPARATIVE ADVANTAGE using opportunity cost

Fourth- Identify how they should specialize

It is an First- Identify if it is a output or input question

Second-Identify who has the ABSOLUTE ADVANTAGE

Third-Identify who has a COMPARATIVE ADVANTAGE using opportunity cost

Fourth- Identify how they should specialize

It is an output

Absolute Advantage-Henry 1 Deer=3/2 1 Antelope =2/3

Comparative Advantage- John 1Deer= 1 Antelope=2

Henry-Antelope John-Deer

This is ainput

Absolute advantage- Canada

Comparative advantage- Canada 1corn=4/5P Japan 4/5C

Canada-Car Canada-Plane

image text in transcribed First- Identify if it is a output or input question Second-Identify who has the ABSOLUTE ADVANTAGE Third-Identify who has a COMPARATIVE ADVANTAGE using opportunity cost Fourth- Identify how they should specialize Number caught per day Deer Antelope Henry 4 6 John 24 12 Months to produce one Car Plane Canada 8 10 Japan 15 12

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