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The table below shows the labour productivity for the countries of Yin and Yang. Loaves of bread a. If the working populations of Yin and
The table below shows the labour productivity for the countries of Yin and Yang. Loaves of bread a. If the working populations of Yin and Yang are both 40 million, divided equally between the two industries in each country, how many machines and loaves of bread (in millions) are currently being produced in Yin and Yang? b. If the two countries decide to specialize, in which product does each country have a comparative advantage? Yin: bread Q Yang: machines a c. If the two countries specialize in the product in which they have a comparative advantage, show their total outputs in the table below. Loaves of Machines bread
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