QUESTION 11 Country B 4 Country A Textiles 3. Soybeans The numbers in the table indicate the number of hours required to produce 1 unit of the good What are the per-unit gains of specialization based on comparative advantage? Soybeans: +0.333, Textiles: +1 6. Soybeans +0 25 Textiles +0 25

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
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QUESTION 11
Country A
Country B
Textiles
4
Soybeans
The numbers in the table indicate the number of hours required to produce 1 unit of the good
What are the per-unit gains of specialization based on comparative advantage?
Soybeans: +0.333, Textiles: +1
Soybeans: +0.25, Textiles: +0.25
6.
3
Transcribed Image Text:QUESTION 11 Country A Country B Textiles 4 Soybeans The numbers in the table indicate the number of hours required to produce 1 unit of the good What are the per-unit gains of specialization based on comparative advantage? Soybeans: +0.333, Textiles: +1 Soybeans: +0.25, Textiles: +0.25 6. 3
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