comparative or absolute advantage

Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
Problem 9PA
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150
100
Коrea
Taiwan
15
35
Quantity of good B
Does this figure indicate anything about either worker having a
comparative or absolute advantage in either good?
According to the figure, [Select]
has an
absolute advantage in the production of good A and
[ Select ]
has an absolute advantage in the
production of good B.
Considering comparative advantage,
[ Select]
has a comparative advantage in
the production of good A and [ Select ]
has
a comparative advantage in the production of good B.
Quantity of goodA
Transcribed Image Text:150 100 Коrea Taiwan 15 35 Quantity of good B Does this figure indicate anything about either worker having a comparative or absolute advantage in either good? According to the figure, [Select] has an absolute advantage in the production of good A and [ Select ] has an absolute advantage in the production of good B. Considering comparative advantage, [ Select] has a comparative advantage in the production of good A and [ Select ] has a comparative advantage in the production of good B. Quantity of goodA
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