Nation 1 - 400 million employees Nation 2 - 400 Million employees Nation 1 and 2 workers can produce - 16 TVs per year Nation 1 worker can produce - 40kg Beef per year Nation 2 worker can produce - 20 kg Beef per year   Which country has absolute advantage for TVs and which country has absolute advantage for Beef

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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Nation 1 - 400 million employees

Nation 2 - 400 Million employees

Nation 1 and 2 workers can produce - 16 TVs per year

Nation 1 worker can produce - 40kg Beef per year

Nation 2 worker can produce - 20 kg Beef per year

 

Which country has absolute advantage for TVs and which country has absolute advantage for Beef

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