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Number of Units Produced in One Hour Food Clothing Country A 6 9 Country B 5 4 Who has the Absolute Advantage in Food? in
Number of Units Produced in One Hour Food Clothing Country A 6 9 Country B 5 4 Who has the Absolute Advantage in Food? in Clothing? What is the Opportunity Cost for Country A for What is the Opportunity Cost for Country B for 1 unit of Food? 1 unit of Food? 1 unit of Clothing? 1 unit of Clothing? Who has the Comparative Advantage in Food? in Clothing? Each country spends thrs working per day total. *Fill in the units for your answers not the hours. 1. Prior to trade or specialization: 2. After specialization before trade: Country A: Food Clothing Country A: Food Clothing (4hrs) (6hrs) Country B: Food Clothing Country B: Food Clothing (5hrs) (5hrs) 3. After specialization and trade: 4. How much better off are they from part 1 to 3: Country A: Food Clothing Country A: Food Clothing Country B: Food Clothing Country B: Food Clothing Graph the PPF for both countries. Label their initial point and the point after trade
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