Table 1: Hours of Labor Required to Produce a Bottle of Wine and a Yard of...

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Table 1: Hours of Labor Required to Produce a Bottle of Wine and a Yard of Cloth Finland Vietnam 1 2 2.5 Wine -1 aLW = 3 hours If countries specialize according to comparative advantage, then the world output of wine will increase by Cloth aLC 6 hours a LW 12 hours a LC = 8 hours Table 1: Hours of Labor Required to Produce a Bottle of Wine and a Yard of Cloth Finland Vietnam 1 2 2.5 Wine -1 aLW = 3 hours If countries specialize according to comparative advantage, then the world output of wine will increase by Cloth aLC 6 hours a LW 12 hours a LC = 8 hours

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