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Two countries: China and Korea. Two goods: Airplane and car. A Chinese worker's MPL is 20 times higher than a Korean worker in making an
Two countries: China and Korea. Two goods: Airplane and car. A Chinese worker's MPL is 20 times higher than a Korean worker in making an airplane. A Chinese worker's MPL is 5 times higher than a Korean worker in making a car. Which country has absolute advantage in making cars and why? Which country has comparative advantage in making cars and why? Please explain.
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