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Author Question: Table 2-5 Table 2-5 shows the number of labor hours required to produce a cell phone and a board ... (Read 150 times)

dbose

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Table 2-5







Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.






Refer to Table 2-5. Does either Estonia or Finland have an absolute advantage and if so, in what product?


◦ Finland has an absolute advantage in lumber.
◦ Estonia has an absolute advantage in lumber.
◦ Finland has an absolute advantage in both products.
◦ Estonia has an absolute advantage in cell phones.


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Marked as best answer by dbose on Mar 15, 2019

thall411

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