Post by: formula1 on Mar 16, 2019
Table 7-6
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 7-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
Refer to Table 7-6. Which country has an absolute advantage in producing belts?
◦ Estonia
◦ Morocco
◦ both countries
◦ neither country
Post by: smrtceo on Mar 16, 2019
Post by: formula1 on Mar 16, 2019
Post by: smrtceo on Mar 16, 2019