The table below describes production possibilities for Mexico and Nigeria. Each number in the table shows the number of workers needed to produce one unit of the product. Country Shoes Glasses Mexico 10 12 Nigeria 18 5 Which country has an absolute advantage in producing Glasses? Which country has a comparative advantage in producing Glasses? Which country has a comparative advantage in producing Shoes?
The table below describes production possibilities for Mexico and Nigeria. Each number in the table shows the number of workers needed to produce one unit of the product. Country Shoes Glasses Mexico 10 12 Nigeria 18 5 Which country has an absolute advantage in producing Glasses? Which country has a comparative advantage in producing Glasses? Which country has a comparative advantage in producing Shoes?
Chapter28: International Trade
Section: Chapter Questions
Problem 2P
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Question
- The table below describes production possibilities for Mexico and Nigeria. Each number in the table shows the number of workers needed to produce one unit of the product.
Country |
Shoes |
Glasses |
Mexico |
10 |
12 |
Nigeria |
18 |
5 |
- Which country has an
absolute advantage in producing Glasses? - Which country has a
comparative advantage in producing Glasses? - Which country has a comparative advantage in producing Shoes?
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