Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 15, Problem 5SQ
To determine
The
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7. With one hour of work, a Canadian worker can produce 2 tons of wheat or 5 barrels ofbeers. With one hour of work, a German worker can produce 1 ton of wheat or 3 barrels of beer.Which country has the comparative advantage in producing beer?A. GermanyB. CanadaC. Neither countryD. There is not enough information to know.
Find out absolute advantage, absolute disadvantage, and comparative advantage, also the gains of trade for both countries.
Case A
Pakistan
sri lanka
rice (Kgs)
6
2
corn (Kgs)
3
5
Case B
pakistan
sri lanka
rice (Kgs)
8
4
corn ( Kgs)
6
3
No written by hand solution
Based on information below (2 countries x 2 products), if US has comparative advantage in producing Rice, what can you say about X? (note: figures represent production or output.)
Please assume that X is a positive number.
Rice Car
US 7 6
Korea 9 X
X < 4
X > 54/7
X < 63/7
X < 7
Chapter 15 Solutions
Micro Economics For Today
Ch. 15.4 - Prob. 1GECh. 15.6 - Prob. 1GECh. 15 - Prob. 1SQPCh. 15 - Prob. 2SQPCh. 15 - Prob. 3SQPCh. 15 - Prob. 4SQPCh. 15 - Prob. 5SQPCh. 15 - Prob. 6SQPCh. 15 - Prob. 7SQPCh. 15 - Prob. 8SQP
Ch. 15 - Prob. 9SQPCh. 15 - Prob. 10SQPCh. 15 - Prob. 11SQPCh. 15 - Prob. 1SQCh. 15 - Prob. 2SQCh. 15 - Prob. 3SQCh. 15 - Prob. 4SQCh. 15 - Prob. 5SQCh. 15 - Prob. 6SQCh. 15 - Prob. 7SQCh. 15 - Prob. 8SQCh. 15 - Prob. 9SQCh. 15 - Prob. 10SQCh. 15 - Prob. 11SQCh. 15 - Prob. 12SQCh. 15 - Prob. 13SQCh. 15 - Prob. 14SQCh. 15 - Prob. 15SQCh. 15 - Prob. 16SQCh. 15 - Prob. 17SQCh. 15 - Prob. 18SQCh. 15 - Prob. 19SQCh. 15 - Prob. 20SQ
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