American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. Each country has 100 million workers   Who has a comparative advantage in the production of cars?   What is the opportunity cost for cars?

Q: n Germany it takes three workers to make one television and four workers to make one video camera.…

A: TV Video game Germany 3 4  Poland 6 12

Q: Can both free trade and free flows of foreign direct investment (FDI) will always make everyone…

A:

Q: Using the following data, decide which country has comparative advantage for which good:   good x…

A: Theory of comparative advantage was given by David Ricardo. According to David Ricardo gains from…

Q: Kenji and Lucia are farmers. Each one owns a 20-acre plot of land. The following produce per year on…

A: The international trade theories of absolute advantage and comparative advantage emphasize why free…

Q: A German worker takes 500 hours to produce a car and 5 hours to produce a case of wine. A French…

A: Opportunity Cost: It is the cost of the next best alternative forgone for doing an action.…

Q: A country should specialize in the production of the good in which it has the lowest opportunity…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Country X Country Y Phones Television sets a) Fill in the table to show that country x has an…

A: Absolute advantage is the ability for producing a good using fewer inputs while comparative…

Q: has an absolute advantage in the production of barley, and has an absolute advantage in the…

A: Absolute advantage implies that producer can produce a particular good or service in higher quantity…

Q: Which nation has comparative advantage in producing good X? Why? Explain why these nations can…

A: Comparative advantage refers to the advantage of producing a good at a lower opportunity cost than…

Q: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10…

A: If a company has a lower opportunity cost in producing a good it is said that the country has a…

Q: The desire for profit can end up pushing countries toward producing goods in which they have a…

A: Comparative advantage is when a country can produce a good or service at a relatively lower…

Q: ) With the following data decide which country has comparative advantage for which good. Show your…

A: a. The opportunity cost of producing good X for country A is 75/ 75 = 1 The opportunity cost of…

Q: Which country has comparative at producing good x. How can you tell. Which country has a comparative…

A: Comparative advantage means that if a country can produce only two goods say computer and clothes if…

Q: The advantage enjoyed by one country over another, when it has a lower opportunity cost in producing…

A: If country A is able to produce more amount of good X than country B with the same level of…

Q: try A having comparative advantage in wheat and country B in térs, according to the…

A: Disclaimer- “Since you have asked multiple question, we will solve the only first question for you…

Q: Show on the PPF how both Germany and France gain from trade. B) How many units of apples and…

A:

Q: has a comparative advantage in wine D. England has a comparative advantage in cloth and Portugal has…

A: When a country produces certain goods or services at a lower cost than other countries, it is said…

Q: In a two-good, two country world, if one country has a comparative advantage in the production of…

A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity…

Q: AFRICA USA GASOLINE (barrels/hr) CORN (tonnes/hr) 50 15 30 25 I.Identify which country has the…

A: Absolute advantage is described as a comparison in the productivity of a firm, individual, or nation…

Q: Which country has the comparative advantage in production of Good A?

A: David Ricardo propounded the theory of comparative cost advantage. He has given detailed it in his…

Q: If each country specializes in the good in which it has a comparative advantage,....will gain from…

A: Introduction According to comparative advantage, countries will trade with others, exporting…

Q: When does a country have a comparative advantage over producing a good? Explain with examples.

A: Comparative advantage refers to an economy's ability to produce a given good or service at a lower…

Q: Output per Hour Worked    United States Mexico Computers (unit) 3 1 Shoes (pairs) 6 3…

A: The units of production of computers and shoes in given for United States and Mexico.

Q: Opportunity cost is an important factor in looking at comparative advantage. True False

A: Answer: Comparative advantage: a country has a comparative advantage in the production of a good…

Q: Trade makes us worse off because it makes our economy weaker. We need to be completely…

A: Trade improves our condition. Both nations can benefit from trade when two nations deal with each…

Q: The table below gives the number of cars, or of coal tons, that a typical worker in the given…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: In a two-product, comparative advantage model with country A having comparative advantage in wheat…

A: International trade agreements govern the exchange of goods and services between two or more…

Q: Which country has the comparative advantage in production of Good A? Group of answer choices…

A: International trade occurs on the basis of comparative advantage that represents the ability of a…

Q: has an absolute advantage in the production of corn, and has an absolute advantage in the production…

A: Given:   Corn  Rye Hubert 20 4 Kate 28 7

Q: If nick and Jesse specialize according to comparative advantage and produce efficiently they can…

A: To Know the comparative advantage each have on products, the opportunity cost of each person for…

Q: American worker takes 20 hours to produce one computer and 300 hours to produce an RV. A Japanese…

A: A American worker takes 20 hours to produce one computer and 300 hours to produce an RV A Japanese…

Q: Two countries, Canada and Mexico, produce only two goods: skis and sombreros. The table gives their…

A: We have given production possibility schedules for Canada and Mexico country.  According to the law…

Q: Japan can use all of its resources to produce 100 videos or 400 shoes. China can use all of its…

A: The information given can be represented as below:

Q: Country A can produce gadgets at a lower opportunity cost than any other producer of gadgets. As a…

A: Absolute advantage refers to the uncontested superiority of a country or business to produce a…

Q: Assume that you were a small country, what would you rather have a comparative or absolute advantage…

A: ABSOLUTE ADVANTAGE   When a country produces more units of good/service than other countries using…

Q: If the United States produces 8 automobiles and Canada produces 4 automobiles and the United States…

A: In this case United states possess absolute advantage in producing automobile.

Q: With a given amount of labor and other resources, producers in the nation of Germany can produce…

A: Opportunity cost of producing sedans in germany=SUV sacrificedSedan producedOpportunity cost of…

Q: In one hour, Sue can produce 70 caps or 21 jackets and Tessa can produce 50 caps or 25 jackets. Who…

A: Opportunity cost is the benefit lost while making a different decision. You must compare the…

Q: GOOD A 75 50 COUNTRY X COUNTRY Y TRADE SCENARIO #1 GOOD B 75 100 TRADE SCENARIO #1 Which country has…

A: Absolute advantage is the ability to produce goods or services more better by one country than other…

Q: has an absolute advantage in the production of barley, and has an absolute advantage in the…

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: Calculate and tell which country has comparative advantage in production of shoes? Calculate and…

A: Comparative advantage arises when the country produces a good at a lower opportunity cost than the…

Q: Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew…

A: Opportunity cost (OC) of 5 Beers is 4 Pizzas for Susan. Therefore, Opportunity cost of 1 beer will…

Q: When a country changes from agricultural to industrial, how can it affect the comparative advantage…

A: The theory of comparative advantage was given by David Ricardo. According to David Ricardo gains…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.