i got both of these wrong and i want to know the right answer. United StatesMexiconeither good; cornAccording to the table on production possibilities for the United States and Mexico,Mexico has an absolute advantage inand a comparative advantage incorn; potatoespotatoes; cornCorn (millions of ton)5040neither good; potatoesPotatoes (millions of tons)105 The supply curveshows how much buyers are willing and able to buy at different prices.is the amount that buyers are willing and able to buy at a particular priceshows how much sellers are willing and able to sell at different prices.is the amount that sellers are willing and able to sell at a particular price.

The Absolute advantage refers to the economic condition where a producer can deliver or produce good…

United States Mexico Corn (millions of ton) 50 40 Potatoes (millions of tons 10 5 According to the table on production possibilities for the United States and Mexico, Mexico has an absolute advantage in and a comparative advantage in

United States Mexico Corn (millions of ton) 50 40 Potatoes (millions of tons 10 5 According to the table on production possibilities for the United States and Mexico, Mexico has an absolute advantage in and a comparative advantage in

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 2SCQ: Brazil can produce 100 pounds of beef or 10 autos. In contrast the United States can produce 40...

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Question

i got both of these wrong and i want to know the right answer.

United States
Mexico
neither good; corn
According to the table on production possibilities for the United States and Mexico,
Mexico has an absolute advantage in
and a comparative advantage in
corn; potatoes
potatoes; corn
Corn (millions of ton)
50
40
neither good; potatoes
Potatoes (millions of tons)
10
5

The supply curve
shows how much buyers are willing and able to buy at different prices.
is the amount that buyers are willing and able to buy at a particular price
shows how much sellers are willing and able to sell at different prices.
is the amount that sellers are willing and able to sell at a particular price.

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