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Author Question: Consider the following information about the production of two goods, X and Y, in two countries, A ... (Read 74 times)

urmomsucks

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on: Oct 12, 2022

Consider the following information about the production of two goods, X and Y, in two countries, A and B:

  • In Country A it takes Xa units of resources to produce one unit of X and Ya units of resourcesto produce one unit of Y.
  • In Country B it takes Xb units of resources to produce one unit of X and Yb units of resourcesto produce one unit of Y.
  • Assume the amount of resources used to produce the goods in the two countries can becompared unambiguously.

TABLE 19-1

Refer to Table 19-1. If the ratio Xa/Ya is less than the ratio Xb/Yb, then we can say with certainty that


◦ Country A has a comparative advantage in the production of good X.
◦ The opportunity cost of producing good X in Country A is lower than in Country B.
◦ Country A has an absolute advantage in the production of good X.
◦ The opportunity cost of producing good X in Country A is higher than in Country B.
◦ The opportunity cost of producing good Y in Country A is less than in Country B.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by urmomsucks on Oct 12, 2022

Snabbey

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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urmomsucks

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

duy1981999

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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