Output per worker Country ... Australia Brazil 200 Sleds Clarinets 300 2 Good Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table above. Then Brazil has a Comparative advantage in sleds. BComparative advantage in clarinets. Absolute advantage in sleds. Absolute advantage in clarinets.

Output per worker Country ... Australia Brazil 200 Sleds Clarinets 300 2 Good Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table above. Then Brazil has a Comparative advantage in sleds. BComparative advantage in clarinets. Absolute advantage in sleds. Absolute advantage in clarinets.

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Description: Output perworkerCountry...AustraliaBrazil300200SledsClarinetsGoodSuppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table above. ThenBrazil has aComparative advantage in sleds.Comparative adva

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 6CQQ

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True or False: The source of comparative advantage must be natural elements like climate and mineral deposits. Explain.
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мсаз Austria can produce 1 unit of food using 12 hours of labour time and 1 unit of machinery using 4 hours. In Greece it takes 8 hours of labour time to produce 1 unit of food and 4 hours to produce 1 unit of machinery. These productivity conditions imply: A I do not want to answer this question. Austria has an absolute advantage in machinery production C Greece has an absolute advantage in machinery production Austria has a comparative advantage in machinery production E Neither country has a comparative advantage in machinery production F Greece has a comparative advantage in machinery production
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