QUESTION $7$

Given a unit of input, China can produce $4$ cars or $12$ computers; Argentina can produce $1$ car or $5$ computers.

$\backslash$table$[[,$China,Argentina$],[$Ovens$,4,1],[$Computers$,12,5]]$

What is the opportunity cost of producing ovens instead of computers for China?

$1$ oven costs $3$ computers

$3$ ovens cost $1$ computer

$1$ oven costs $2$ computers

$2$ ovens cost $1$ computer

QUESTION $8$

Given a unit of input, China can produce $4$ cars or $12$ computers; Argentina can produce $1$ car or $5$ computers.

a$)$ Argentina

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QUESTION $8$

Given a unit of input, China can produce $4$ cars or $12$ computers; Argentina can produce $1$ car or $5$ computers.

$\backslash$table$[[,$China,Argentina$],[$Ovens$,4,1],[$Computers$,12,5]]$

What is the opportunity cost of producing ovens instead of computers for Argentina?

$1$ oven costs $4$ computers

$4$ ovens cost $1$ computer

$1$ oven costs $5$ computers

$5$ ovens cost $1$ computer

QUESTION $9$

Which country has a comparative advantage in ovens?

QUESTION $10$

What is a trading price $($or terms of trade$)$ that benefits both countries?

$1$ oven for $1$ computer

$1$ oven for $2$ computers

$1$ oven for $3$ computer

$1$ oven for $4$ computers