Question

Table 9-4
Output Per Hour of Work

HandbagsJackets
Cambodia153
Thailand246

Table 9-4 shows the output per hour of work for handbags and jackets in Cambodia and in Thailand.
Refer to Table 9-4.
a.Which country has an absolute advantage in the production of handbags and jackets?
b. Which country has a comparative advantage in the production of handbags?
c. Which country has a comparative advantage in the production of jackets?

Answer

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