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Please and thanks!! Specialization and Comparative Advantage - Using the following data, demonstrate your understanding of Comparative Advantage and Trade. 1 year resources Trucks Jetskis

Please and thanks!!

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Specialization and Comparative Advantage - Using the following data, demonstrate your understanding of Comparative Advantage and Trade. 1 year resources Trucks Jetskis Faustistan 150 50 Franzlandia 80 40 A.Which nation has an absolute advantage in the production of Trucks?(l.e. Who can produce more in the same time?) B.Which nation has an absolute advantage in the production of Jetskis?(l.e. Who can produce more in the same time?) B. Which nation has a comparative advantage in the production of Trucks? (Calculate the opportunity cost of 1 unit of Truck for each nation, determining which can produce at the lowest opportunity cost. ) Show your work in the space provided C. Which nation has a comparative advantage in the production of Jetskis? (Calculate the opportunity cost of 1 unit of Jetski for each nation, determining which can produce at the lowest opportunity cost.. Show your work in the space provided) D. How would each nation producing what it has a comparative advantage in, and then trading with the other enrich BOTH nations

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