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In 1 year, the U.S. can produce 10 units of computer software or 5 units of computer hardware. In 1 year, China can produce 3 units of software and 3 units of hardware. Based on this information: O the U.S. has comparative advantage in producing both goods. O China has comparative advantage in producing hardware and the U.S. has comparative advantage in producing software. O the U.S. has the comparative advantage in producing hardware and China has comparative advantage in producing software. O China has comparative and absolute advantage in producing both goods. O the U.S. has comparative and absolute advantage in producing both goods.

In 1 year, the U.S. can produce 10 units of computer software or 5 units of computer hardware. In 1 year, China can produce 3 units of software and 3 units of hardware. Based on this information: O the U.S. has comparative advantage in producing both goods. O China has comparative advantage in producing hardware and the U.S. has comparative advantage in producing software. O the U.S. has the comparative advantage in producing hardware and China has comparative advantage in producing software. O China has comparative and absolute advantage in producing both goods. O the U.S. has comparative and absolute advantage in producing both goods.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 3SCQ: In France it takes one worker to produce one sweater, and one worker to produce one bottle of wine....
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In 1 year, the U.S. can produce 10 units of computer software or 5 units of computer hardware. In 1 year, China can produce 3 units of software and 3 units of hardware. Based on this information: O the U.S. has comparative advantage in producing both goods. O China has comparative advantage in producing hardware and the U.S. has comparative advantage in producing software. O the U.S. has the comparative advantage in producing hardware and China has comparative advantage in producing software. O China has comparative and absolute advantage in producing both goods. O the U.S. has comparative and absolute advantage in producing both goods.
Transcribed Image Text:In 1 year, the U.S. can produce 10 units of computer software or 5 units of computer hardware. In 1 year, China can produce 3 units of software and 3 units of hardware. Based on this information: O the U.S. has comparative advantage in producing both goods. O China has comparative advantage in producing hardware and the U.S. has comparative advantage in producing software. O the U.S. has the comparative advantage in producing hardware and China has comparative advantage in producing software. O China has comparative and absolute advantage in producing both goods. O the U.S. has comparative and absolute advantage in producing both goods.
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