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The following table shows the production of meat and wheat produced in tonnes per day for Germany and canada Meat. Wheat Canada 200. 300 Germany.
The following table shows the production of meat and wheat produced in tonnes per day for Germany and canada
Meat. Wheat
Canada 200. 300
Germany. 200. 150
A. Which country has absolute advantage in producing wheat? Why?
B what is the opportunity cost of producing one tonne of meat in canada
C whats the opportunity cost of producing one tonne of wheat in canada?
D which country has the comparative advantage in producing meat? Why?
E which country has the comparative advantage in producing wheat? Why?
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