Comparative advantage suppose that each us worker can, Econometrics

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Comparative advantage suppose that each us worker can

(Comparative Advantage) Suppose that each U.S. worker can produce 8 units of food or 2 units of clothing daily. In Izodia, which has the same number of workers, each worker can produce 7 units of food or 1 unit of clothing daily.
Why does the United States have an absolute advantage in both goods?
Which country enjoys a comparative advantage in food? Why?

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Econometrics: Comparative advantage suppose that each us worker can

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Recent Questions Asked Econometrics

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