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>> Question 1: Suppose an hour's labor produces 20 kg of Dates or 10 meter of cloth in Saudi Arabia, and 10 kg Dates and
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Question 1: Suppose an hour's labor produces 20 kg of Dates or 10 meter of cloth in Saudi Arabia, and 10 kg Dates and 4 meter cloth in Australia. Using opportunity costs, answer the following questions Table: Production in an hour's labor. Country Saudi Arabia Australia Dates 20kg 10kg Cloth 10 meter 4 meter Questions: (a) Which country has an absolute advantage in the production of Dates? (b) Which country has an absolute advantage in the production of cloth? (c) What is the opportunity cost of producing 1kg Dates at in Saudi Arabia? (d) What is the opportunity cost of producing 1 meter cloth at in Saudi Arabia? (e) What is the opportunity cost of producing 1kg Dates at in Australia? (f) What is the opportunity cost of producing 1 meter cloth at in Australia? (g) Which country will export Dates in trade? (h) which will export cloth in tradeStep by Step Solution
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