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Author Question: If Bolivia can produce 6 calculators or 3 televisions in a day, and Argentina can produce 4 ... (Read 101 times)

nautica902

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on: Jun 30, 2018
If Bolivia can produce 6 calculators or 3 televisions in a day, and Argentina can produce 4 calculators or 12 televisions in a day, then Bolivia would be willing to trade 1 calculator for 1 television with Argentina.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the United States could produce 4 tons of potatoes or 2 tons of wheat per worker per year, while Ireland could produce 2 tons of potatoes or 3 tons of wheat per worker per year, the country with the comparative advantage in producing potatoes is ____ and the country with the absolute advantage in producing potatoes is ____.
 a. the United States; the United States
  b. the United States; Ireland
 c. Ireland; the United States
 d. Ireland; Ireland


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sierramartinez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


nautica902

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Reply #2 on: Jun 30, 2018
Thank you


sierramartinez

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Reply #3 on: Jun 30, 2018
No problemo


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