Table. Sales per employee for the apparel and textile industries in the United States and China, as well as bushels per worker in producing wheat Apparel Textile Wheat Wheat/Apparel Ratio Wheat United States Sales/Employee Wheat /Apparel Ratio $56,000 Comparative Advantage $165,000 Bushels/Worker 12, 260 0.22 (-12260/56000) 12, 260 Comparative Advantage 0.22 (-12260/56000) Wheat/Textile Ratio 0.07 (-12260/165000) Source: Feenstra and Taylor (2015). Given the information in this table, a worker in the U.S. China Sales/Employee $23,000 $27,000 Bushels/Worker 300 0.01 (300/23000) 300 0.01 (300/23000) 0.01 (-300/27000) O a worker in the U.S. is 6.1 times more productive in textile production than a worker in Chinal O a worker in the U.S. is 6.1 times less productive in textile production than a worker in China O Workers in textile industry have the same productivity O a worker in the U.S. is 2.4 times more productive in textile production than a worker in China both countries
Table. Sales per employee for the apparel and textile industries in the United States and China, as well as bushels per worker in producing wheat Apparel Textile Wheat Wheat/Apparel Ratio Wheat United States Sales/Employee Wheat /Apparel Ratio $56,000 Comparative Advantage $165,000 Bushels/Worker 12, 260 0.22 (-12260/56000) 12, 260 Comparative Advantage 0.22 (-12260/56000) Wheat/Textile Ratio 0.07 (-12260/165000) Source: Feenstra and Taylor (2015). Given the information in this table, a worker in the U.S. China Sales/Employee $23,000 $27,000 Bushels/Worker 300 0.01 (300/23000) 300 0.01 (300/23000) 0.01 (-300/27000) O a worker in the U.S. is 6.1 times more productive in textile production than a worker in Chinal O a worker in the U.S. is 6.1 times less productive in textile production than a worker in China O Workers in textile industry have the same productivity O a worker in the U.S. is 2.4 times more productive in textile production than a worker in China both countries
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 31P: Review the numbers for Canada and Venezuela from Table 33.12 which describes how many barrels of oil...
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