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The practice question below reinforces your knowledge of comparative advantage. Fill out the table below and answer the questions at the end. Numerical answers should

The practice question below reinforces your knowledge of comparative advantage. Fill out the table below and answer the questions at the end.

Numerical answers should be accurate to 2 decimal places.

Country Logs TVs Opportunity cost of 1 log Opportunity cost of 1 TV
Country AB 100 200

Answer

Answer

Country BC 250 150

Answer

Answer

Country AD 200 300

Answer

Answer

Country AK 150 150

Answer

Answer

Country BK 120 160

Answer

Answer

Country DK 75 150

Answer

Answer

Country DG 80 100

Answer

Answer

Country LT 300 100

Answer

Answer

Country KB 200 160

Answer

Answer

Country MT 160 120

Answer

Answer

If we compare country AB to AD, Country AB has the comparative advantage in Answer and Country AD has the comparative advantage in Answer

If we compare country AD to AK, Country AD has the comparative advantage in Answer and Country AK has the comparative advantage in Answer

If we compare country KB to LT, Country KB has the comparative advantage in Answer and Country LT has the comparative advantage in Answer

If we compare country BK to DG, Country BK has the comparative advantage in Answer and Country DG has the comparative advantage in Answer.

If we compare country AD to MT, Country AD has the comparative advantage in Answer and Country MT has the comparative advantage in Answer.

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