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Part a. You are given labor hours for two countries. Nigeria and Brazil Draw PPFs below Tablets, Cell Phones. Nigeria 12, 6 Brazil 2, 10
Part a. You are given labor hours for two countries. Nigeria and Brazil Draw PPFs below Tablets, Cell Phones. Nigeria 12, 6 Brazil 2, 10
a. Which country has Absolute Advantage in producing Cell Phone? Tablets?
b. Show in table above, opportunity costs of producing Tablets and Cell Phone in each country.
c. Which country has Comparative Advantage in producing Cell phones? Tablets?
d. Fill the spaces in the table below with: the numbers of Tablets and Cell Phones before trade, after trade, and gain/loss from trading
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