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TRADE OUTPUTIhour Canada Japan Computers 8 12 Cars 2 4 Questions: a) Which of the two countries hold a comparative advantage in CARS? Justify your
TRADE OUTPUTIhour Canada Japan Computers 8 12 Cars 2 4 Questions: a) Which of the two countries hold a comparative advantage in CARS? Justify your answer with adequate calculation. b) Trading CARS between Japan and Canada will occur as long as the relative price of a CAR is between Computers and w c) Which of the 2 countries would be the exporter of CARS? Justify. d) Trading Computers between Japan and Canada will occur as long as the relative price of a CAR is between Cars and Cam e) Which of the 2 countries would be the exporter of COMPUTERS? Justify
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