Labor productivity coefficients for the US and Brazil are given by the following table: Country Wheat per week Clothing per week Labor(Number of workers) United States 2 8 100 Brazil 1 2 120 Who has the comparative advantage in Wheat? In Clothing? Draw the production possibility frontier for the US. (Put Wheat on the Y-axis and Clothing on the X-axis) For Brazil (Put Wheat on the Y-axis and Clothing on the X-axis) Suppose each country decides to split its labor force equally on the production of each good. Locate the point on the PPF curve for each country that represents this allocation of labor. What’s their production and consumption combination # at this point?
Labor productivity coefficients for the US and Brazil are given by the following table: Country Wheat per week Clothing per week Labor(Number of workers) United States 2 8 100 Brazil 1 2 120 Who has the comparative advantage in Wheat? In Clothing? Draw the production possibility frontier for the US. (Put Wheat on the Y-axis and Clothing on the X-axis) For Brazil (Put Wheat on the Y-axis and Clothing on the X-axis) Suppose each country decides to split its labor force equally on the production of each good. Locate the point on the PPF curve for each country that represents this allocation of labor. What’s their production and consumption combination # at this point?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter33: International Trade
Section: Chapter Questions
Problem 1WNG
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Labor productivity coefficients for the US and Brazil are given by the following table:
| Country | Wheat per week | Clothing per week | Labor(Number of workers) |
| United States | 2 | 8 | 100 |
| Brazil | 1 | 2 | 120 |
- Who has the
comparative advantage in Wheat? In Clothing? - Draw the
production possibility frontier for the US. (Put Wheat on the Y-axis and Clothing on the X-axis) - For Brazil (Put Wheat on the Y-axis and Clothing on the X-axis)
- Suppose each country decides to split its labor force equally on the production of each good. Locate the point on the PPF curve for each country that represents this allocation of labor.
- What’s their production and consumption combination # at this point?
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