A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel.

Question:

A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel. Output per worker is as follows:

Do skilled workers have an absolute advantage in the production of computers? Do unskilled workers have a comparative advantage in the production of steel? Explain your answers carefully.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

See More Books

Question Posted: Dec 15, 2015 07:53 AM

See More Questions

Festwalia has two types of workers: low-skill workers, who earn $10 per hour, and high-skill workers, who earn $20 per hour. The government of Festwalia currently imposes a 20% proportional tax on...
1. The asymmetry in the labor market is that _______ know more than _______ about a workers _______. 2. Arrows up or down: In a labor market with asymmetric information, a firm will hire only...
In Chapter 22, we briefly discussed the signaling role of educationi.e. the fact that part of the reason many people get more education is not to learn more but rather to signal high productivity to...
WSU Small Business Booster Every year, Robin identifies a small business to invest her money in because she wants to support companies that WSU students have started. Robin named the program WSU...
Even with campaigns to reduce smoking, Americans still consume more than four packs of cigarettes per month per adult (libraries.ucsd.edu/ssds/pub/(libraries.ucsd.edu/ssds/pub/CTS/tobacco/sales). The...
a) Define the term algorithm. b) What are the different ways to describe algorithms? c) What is the difference between an algorithm for solving a problem and a computer program that solves this...
Statistical distance between records can be measured in several ways. Consider Euclidean distance, measured as the square root of the sum of the squared differences. For the first two records in...
1. Was Sagarnara an intended third party beneficiary under Dr. Garcias life insurance policy giving her standing to sue the insurer? 2. Did Prudential Insurance Co. violate Dr. Garcias life insurance...
Please complete a swot analysis on taking classes completely online. From your point of view ,what are the strengths, weakness, opportunity and threats? Think from the standpoint of you as the...
Please this question is for survey engineering, which has to solve by Least Square Adjustment (LSA) using matrices. Thanks in advance. The following figure shows a level net that is observed with the...
Suppose the following figure shows the domestic market for hockey sticks in a certain country. The government has recently imposed tariffs on hockey sticks. While the world price of a hockey stick is...
Suppose a country has 100 westerners and 100 easterners. A westerner can produce either 6 units of food or 2 units of national defense; an easterner can produce either 2 units of food or 1 unit of...
Consider the signal x(n) = anu(n), |a| < 1. (a) Determine the spectrum X(). (b) The signal x(n) is applied to a decimator that reduces the rate by a factor of 2. Determine the output spectrum. (c)...
Analyze the effects of the general environment on an industry of your choice. 1. Identify an industry you would like to learn more about. Ideally, you should be able to gather sufficient information...
Conroe Company is reviewing the data provided by its management accounting system. Which of the following statements is/are correct? I. A cost driver is a causal factor that increases the total cost...
Graph the lines in Problems 31-44. $x+3 y-2=0$
In 1843, Sir William Hamilton discovered an extension to complex numbers called quaternions. A quaternion is a 4-tuple $a=\left(a_{0}, a_{1}, a_{2}, a_{3}ight)$ with the following operations:...
Christa Schuller owns an outlet of a popular chain of restaurants in the southern part of Germany. One of the chains popular lunch items is the cheeseburger. It is a hamburger topped with cheese. On...
Use lHpitals rule to find the limit. 3x - 1 lim x-02-1
In your readings, there were many examples given for nurturing close family relationships in this ever-evolving technological society we live in Based upon your readings and research describe three...
1. A firms short-run supply curve shows the relationship between ________ on the horizontal axis and________ on the vertical axis. 2. To draw a firms short-run supply curve, you need its ________...
1. Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm: a. Use this information to draw the firms marginal cost curve. b. Suppose the shut-down...
1. Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm: a. Use this information to draw the firms marginal cost curve. b. Suppose the shut-down...
In order to reduce the cost of excessive sick leave, What many employers now offer ? Give answer and explain.
Zozan Corp. manufactures Hydrogen engines automobiles. The variable cost is $25,000 per unit, and the credit price is $43,000 each. Credit is extended for one period, and based on historical...
WACC: 9.76%NPV: 6,210,269IRR: 53.01%MIRR: 46.55%Disucuss the operation, forgein exchnage and political risk of opening a subsidiary in Nairobi,Kenya.

A country has two types of workers, skilled and unskilled. Workers can produce either computers or steel.

Question:

Output per Worker Computers Steel Unskilled workers Skilled workers

Step by Step Answer:

A skilled worker can produce more computers and more steel than an u...View the full answer

Microeconomics

Students also viewed these Economics questions