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Posted on Jul 05, 2024

Without knowing the number of labor hours required to produce an auto in South Korea, you cant figure out which country has the comparative advantage

Without knowing the number of labor hours required to produce an auto in South Korea, you can’t figure out which country has the comparative advantage in which good. Can you give an example of a number for the empty cell of the table that would give the United States the comparative advantage in the production of airplanes? What about South Korea?

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