MyLab Economics with Pearson eText -- Access Card -- for Microeconomics
6th Edition
ISBN: 9780134125886
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 9, Problem 9.2.4PA
To determine
Germany’s
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In Bangladesh, it takes 300 labor hours to produce one TV set and 5 hours of labor to
produce one unit of textiles. The unit labor costs for the same goods in the U.S. are 100
labor hours to produce one TV and 2 labor hour to produce one unit of textiles.
Tv Textiles
100 2
Bangladesh 300 5
U.S.
Which country has an absolute advantage in the production of textiles? Which country has
a comparative advantage in textiles?
The
* has an absolute advantage in the production of textiles as its unit
labor costs are
* than that of Bangladesh.
The opportunity cost of textiles in the U.S is
and in Bangladesh is
* has a comparative advantage in textiles.
Determine the range of international relative price of TV sets with respect to textiles.
The range for the international relative price of the TV sets with respect to textiles is
and
. True or false? Briefly explain. “Free trade is beneficial because it rotates a country’s production possibility frontier (PPF) outward.”
The table shows the units of output a worker can produce per hour in Germany and Korea for two different goods: spaetzle
and kimchi. Use this table to answer the question.
One worker in
Germany
One worker in
Korea
Pounds of spaetzle
per hour
Which of the statements is true?
2
Pounds of kimchi
per hour
Korea has a comparative advantage in the production of spaetzle, while Germany has a comparative advantage in
the production of kimchi.
Korea has a comparative advantage in the production of both goods.
Germany has a comparative advantage in the production of spaetzle, while Korea has a comparative advantage in
the production of kimchi.
Germany has a comparative advantage in the production of both goods.
Chapter 9 Solutions
MyLab Economics with Pearson eText -- Access Card -- for Microeconomics
Ch. 9 - Prob. 9.1.1RQCh. 9 - Prob. 9.1.2RQCh. 9 - Prob. 9.1.3RQCh. 9 - Prob. 9.1.4PACh. 9 - Prob. 9.1.5PACh. 9 - Prob. 9.1.6PACh. 9 - Prob. 9.1.7PACh. 9 - Prob. 9.2.1RQCh. 9 - Prob. 9.2.2RQCh. 9 - Prob. 9.2.3PA
Ch. 9 - Prob. 9.2.4PACh. 9 - Prob. 9.2.5PACh. 9 - Prob. 9.2.6PACh. 9 - Prob. 9.2.7PACh. 9 - Prob. 9.2.8PACh. 9 - Prob. 9.2.9PACh. 9 - Prob. 9.3.1RQCh. 9 - Prob. 9.3.2RQCh. 9 - Prob. 9.3.3RQCh. 9 - Prob. 9.3.4RQCh. 9 - Prob. 9.3.5PACh. 9 - Prob. 9.3.6PACh. 9 - Prob. 9.3.7PACh. 9 - Prob. 9.3.8PACh. 9 - Prob. 9.3.9PACh. 9 - Prob. 9.3.10PACh. 9 - Prob. 9.3.11PACh. 9 - Prob. 9.3.12PACh. 9 - Prob. 9.3.13PACh. 9 - Prob. 9.4.1RQCh. 9 - Prob. 9.4.2RQCh. 9 - Prob. 9.4.3PACh. 9 - Prob. 9.4.4PACh. 9 - Prob. 9.4.5PACh. 9 - Prob. 9.4.6PACh. 9 - Prob. 9.4.7PACh. 9 - Prob. 9.4.8PACh. 9 - Prob. 9.4.9PACh. 9 - Prob. 9.4.10PACh. 9 - Prob. 9.4.11PACh. 9 - Prob. 9.4.12PACh. 9 - Prob. 9.4.13PACh. 9 - Prob. 9.4.14PACh. 9 - Prob. 9.4.15PACh. 9 - Prob. 9.5.1RQCh. 9 - Prob. 9.5.2RQCh. 9 - Prob. 9.5.3RQCh. 9 - Prob. 9.5.4RQCh. 9 - Prob. 9.5.5PACh. 9 - Prob. 9.5.6PACh. 9 - Prob. 9.5.7PACh. 9 - Prob. 9.5.8PACh. 9 - Prob. 9.5.9PACh. 9 - Prob. 9.5.10PA
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