Why does united states have absolute advantage in both goods, Microeconomics

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Why does united states have absolute advantage in both goods

Suppose that each U.S. worker can produce 8 units of food or 2 unit id clothing daily. In Fredonia, which had 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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Microeconomics: Why does united states have absolute advantage in both goods

Reference No:- TGS068957

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Recent Questions Asked Microeconomics

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Microeconomics: Why does united states have absolute advantage in both goods

Reference No:- TGS068957

Recent Questions Asked Microeconomics

Q : What are the variable costing inventory cost per unit

Q : Industries in terms of employment and wage levels

Q : What is the main idea of nightmare of feature creep

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