question due tomorrow at 3pm pacific
Consider the following table on labor hours needed to produce one unit of output for two different goods in two different countries:
United States France Computer 60 50 Wine 20 25 - The opportunity cost of a computer in France is __________.
- The opportunity cost of a computer in the United States is __________.
- The opportunity cost of one unit of wine in France is __________.
- The opportunity cost of one unit of wine in the United States is __________.
- France possesses comparative advantage in the production of __________.
- The United States possesses comparative advantage in the production of __________.
You answer should be at least 100 words
9 years ago
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