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The following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
Which of the following statements about comparative advantage is true?
Germany has a comparative advantage in the production of wheat, while Poland has a comparative advantage in the production of computers....
Read MoreThe following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
The opportunity cost of 1 unit of wheat in Poland is ________.
d. 1/2 of a unit of computers...
Read Morehe following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
The opportunity cost of 1 unit of wheat in Germany is ________.
c) 1/4 of a unit of computers...
Read MoreThe following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
The opportunity cost of 1 unit of computers in Poland is ________.
c. 2 units of wheat...
Read Morehe following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
The opportunity cost of 1 unit of computers in Germany is ________.
4 units of wheat...
Read MoreThe following table shows the units of output a worker can produce per month in Germany and Poland. Use this table to answer the question.
| Wheat | Computers | |
| Germany | 20 | 5 |
| Poland | 8 | 4 |
Which of the following statements about absolute advantage is true?
a) Germany has an absolute advantage in the production of both wheat and computers....
Read Morec. the opportunity cost of 1 pen is 3 pencils...
Read Morea. the domestic price of 1 pencil is 1/3 of a pen...
Read Morec. A self-sufficient country at best can consume on its production possibilities frontier...
Read Morecountries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners...
Read More