The table above shows United States and United Kingdom production of wheat (bushels per hour) and...

  

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The table above shows United States and United Kingdom production of wheat (bushels per hour) and shoe (pairs of shoes per hour). (1) Based on the table above, the opportunity cost of a bushel of wheat in the United States is (2) Based on the table above, the opportunity cost of a pair of shoes in the United States is (3) Based on the table above, the opportunity cost of a pair of shoes in Mexico is (4) Based on the table above, the opportunity cost of a bushel of wheat in Mexico is (5) Which country has absolute advantage in making shoes? (6) Which country has absolute advantage in making wheats? (7) Which country has comparative advantage in making shoes? (8) Which country has comparative advantage in making wheat? Wheat Shoes U.S. 14 00 8 Mexico 6 18 The table above shows United States and United Kingdom production of wheat (bushels per hour) and shoe (pairs of shoes per hour). (1) Based on the table above, the opportunity cost of a bushel of wheat in the United States is (2) Based on the table above, the opportunity cost of a pair of shoes in the United States is (3) Based on the table above, the opportunity cost of a pair of shoes in Mexico is (4) Based on the table above, the opportunity cost of a bushel of wheat in Mexico is (5) Which country has absolute advantage in making shoes? (6) Which country has absolute advantage in making wheats? (7) Which country has comparative advantage in making shoes? (8) Which country has comparative advantage in making wheat? Wheat Shoes U.S. 14 00 8 Mexico 6 18

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