Question 1
Thailand has a comparative advantage in rice and an absolute advantage in both rice and cell phones. Indonesia has a comparative advantage in cell phones. According to this scenario
◦ Indonesia should import both cell phones and rice.
◦ Thailand should export both cell phones and rice.
◦ Thailand should export rice and import cell phones.
◦ Indonesia should export rice and import cell phones.
Question 2
India has a comparative advantage compared to Spain in the production of clothing if
◦ India can produce clothing at a lower monetary cost than Spain can.
◦ India can produce clothing using fewer resources than Spain can.
◦ the demand for clothing is higher in India than in Spain.
◦ India can produce clothing at a lower cost in terms of other goods than Spain can.
Embryos Compared
Lucy’s Body Weight Proportions Compared to a Bonobo
British Iron Production, 1600–1870
Production efficiency vs. trophic efficiency
DNA and RNA compared