1. Based on the above PPFs (or Output Table) for the United States and Mexico, which...

  

Transcribed Image Text:

1. Based on the above PPFs (or Output Table) for the United States and Mexico, which region has an absolute advantage in Apple production? Which region has an absolute advantage in Banana production? (20 Points) Absolute and Comparative Advantage APPLES 100 75 OUTPUT TABLE USA MEXICO MEXICO 25 UNITED STATES BANANAS or APPLES 100 75 100 BANANAS 100 25 1. Based on the above PPFs (or Output Table) for the United States and Mexico, which region has an absolute advantage in Apple production? Which region has an absolute advantage in Banana production? (20 Points) Absolute and Comparative Advantage APPLES 100 75 OUTPUT TABLE USA MEXICO MEXICO 25 UNITED STATES BANANAS or APPLES 100 75 100 BANANAS 100 25

Answer rating: 100% (QA)

Ans USA has an absolute advantage in Apples production USA has an absolute advantage in Bananas prod... View the full answer