Production possibilities per week for two countries Mexico United States Shoes 4,000 (1 shoe 5,000 (1...

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Production possibilities per week for two countries Mexico United States Shoes 4,000 (1 shoe 5,000 (1 shoe Refrigerators 5,000 (1 refrigerator = refrigerators) refrigerators) 20,000 (1 refrigerator = Based on the opportunity costs you calculated for each product for each country: Who has absolute advantage in producing shoes? Who has absolute advantage in producing refrigerators? Who has comparative advantage in producing shoes? Who has comparative advantage in producing refrigerators? Who should produce shoes? I Is trading 1 shoe for each 3 refrigerators a good trade for both sides? (yes or no) shoes) shoes) Production possibilities per week for two countries Mexico United States Shoes 4,000 (1 shoe 5,000 (1 shoe Refrigerators 5,000 (1 refrigerator = refrigerators) refrigerators) 20,000 (1 refrigerator = Based on the opportunity costs you calculated for each product for each country: Who has absolute advantage in producing shoes? Who has absolute advantage in producing refrigerators? Who has comparative advantage in producing shoes? Who has comparative advantage in producing refrigerators? Who should produce shoes? I Is trading 1 shoe for each 3 refrigerators a good trade for both sides? (yes or no) shoes) shoes)

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1 Mexico has absolute advantage in producing shoes because it can produce mo... View the full answer