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Pineapples Bananas Macro Islands 200 800 Micro Islands 400 400 The table above shows the number of acres it takes to produce one container of
Pineapples Bananas
Macro Islands 200 800
Micro Islands 400 400
The table above shows the number of acres it takes to produce one container of pineapples and one container of bananas for two nations.
- Which nation has the comparative advantage in producing pineapples? Explain.
- Which nation should specialize in the banana production? Explain.
- Which nation has the absolute advantage in the production of each product? Explain
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The Wisdom Of Crowds
Authors: James Surowiecki
1st Edition
0385721706, 9780385721707
