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There is quite a lot of international trade in busest In 2020, the largest exporter of buses was China, and the largest importer of buses
There is quite a lot of international trade in busest In 2020, the largest exporter of buses was China, and the largest importer of buses was Germanyt Suppose for the following questions that the world consists of only two countries China and Germany that trade in only two goods buses and other machinery. According to the table below. production in the production of buses, and Production in one hour (NB: This is not an opportunity cost table): V has the absolute advantage in the production of buses, v has the absolute advantage in the production of other machinery ~/ v has the comparative advantage in the production of other machinery. I Buses other Machinery China | 100 100 Germany | 45 90 China Germany neither both has the comparative advantage in the
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