Appendix A International Trade Homework Questions
1. Complete this chart and related questions.
Hours to Produce
A. Which country has an absolute advantage in TV's? ___________
in computers ___________
B. Draw a linear production possibility frontier for each country putting TV's on the x-axis.
C. Calculate the opportunity costs for each product and each country.
D. Which country has a comparative advantage in which products? Why?
E. Which country should specialize in which product? Why?
|Answers to Appendix A Homework Questions||Table of Contents|
|Appendix A Class Discussion Questions||Economics Free Stuff|