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Name your country: ____________________________________ Directions : Find the absolute and comparative advantages 1. Number of Worker Hours to Produce One rubber tire Number of Worker
Name your country: ____________________________________
Directions:
- Find the absoluteand comparative advantages
1.
Number of Worker Hours to Produce One rubber tire | Number of Worker Hours to Produce One metal wheel | Number of Additional Worker Hours to Produce One metal wheel Instead of One rubber tire | |
Your country | 3 | 7 | |
Chile | 6 | 8 |
- Who has the absolute advantage?
- When finding the comparative advantage, who makes what?
2.
Number of Worker Hours to Produce One iPhone | Number of Worker Hours to Produce One laptop | Number of Additional Worker Hours to Produce One laptop Instead of One iPhone | |
Your country | 10 | 12 | |
Italy | 2 | 5 |
- Who has the absolute advantage?
- When finding the comparative advantage, who makes what?
Number of Worker Hours to Produce One boat | Number of Worker Hours to Produce One car | Number of Additional Worker Hours to Produce One car Instead of One boat | |
Your country | 5 | 7 | |
Norway | 6 | 9 |
- Who has the absolute advantage?
- When finding the comparative advantage, who makes what?
4.
Number of Worker Hours to Produce One ton of Oranges | Number of Worker Hours to Produce One ton of apples | Number of Additional Worker Hours to Produce One ton of apples Instead of One ton of oranges | |
Your country | 1 | 6 | |
United States | 4 | 7 |
- Who has the absolute advantage?
- When finding the comparative advantage, who makes what?
- Now done with every chart...
- Choose absolute or comparative
- Explain why you think the one you choose is more efficient for countries
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