Question
Table 1: Hours of Labor Required to Produce a Bottle of Wine and a Yard of Cloth Finland Vietnam 1 2 2.5 Wine -1
Table 1: Hours of Labor Required to Produce a Bottle of Wine and a Yard of Cloth Finland Vietnam 1 2 2.5 Wine -1 aLW = 3 hours If countries specialize according to comparative advantage, then the world output of wine will increase by Cloth aLC 6 hours a LW 12 hours a LC = 8 hours
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International Economics
Authors: Dennis Appleyard, Alfred Field
8th Edition
978-0078021671, 0078021677
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