The U.S. and Canada both produce aircraft engines and tons of chemicals, which are sold for the
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Question:
The U.S. and Canada both produce aircraft engines and tons of chemicals, which are sold for the same price in both countries.Suppose that with one unit of labor and one unit of capital, the U.S. can produce either 20 engines or 38 tons of chemicals and Canada can produce either 15 engines or 35 tons of chemicals. Which country has an absolute advantage producing chemicals?
Question 5 options:
The U.S.0.53
Canada0.43
Both the U.S. and Canada.??
Neither the U.S. nor Canada.??
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