Question
The table below shows the number of labor hours required to produce one umbrella and one bushel of corn in the United Kingdom and the
The table below shows the number of labor hours required to produce one umbrella and one bushel of corn in the United Kingdom and the rest of the world. The United Kingdom has an absolute advantage in the production of
| Labor hours to make: | In the United Kingdom | In the Rest of the World |
| 1 umbrella | 3.00 | 2.00 |
| 1 bushel of corn | 1.00 | 0.25 |
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
