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Q5) According to the following table which country has the comparative advantage in Cheese production? Make sure to include the opportunity cost calculation to support
Q5) According to the following table which country has the comparative advantage in Cheese production? Make sure to include the opportunity cost calculation to support your answer.
(10 Points)
The table shows the number of individuals in each country required to produce one pound of the commodity listed in the first column.
| Country A | Country B |
Milk | 2 | 1 |
Cheese | 7 | 4 |
Q6) List the functions of Money. (5 Points)
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