Question: Question Completion Status QUESTION 4 Consider the following table. Country A Country B Bananas Apples Numbers denote hours to produce 1 unit 10 The world
Question Completion Status QUESTION 4 Consider the following table. Country A Country B Bananas Apples Numbers denote hours to produce 1 unit 10 The world per unit gains of specializing according to Comparative advantage are... In order to answer, ask yourself: (1) Who has the comparative advantage at what? (2) If Country A and B specialize according to comparative advantage, who gives up the production of bananas? who gives up the production of Apples? (3) How many units of bananas are gained by the Country specializing in bananas, any ti Country gives up 1 apple? 4) How many units of apples are gained by the Country specializing in apples, any time this Country gives up 1 banana? ime this (5) Finally: the world is composed by Country A and Country B together. To find the world's per- unit gain, sum up gains and what we give up for both Country A and Country B, for both bananas and apples. Click Save and Submit to sqve and sobmit. Click Save All Ansusers to save all ansivers Save All Answers 3 4. 5 6
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