There are two countries Japan and Vietnam with two goods rice and car. The following table...
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There are two countries Japan and Vietnam with two goods rice and car. The following table decribes the productivity of two countries in producing two goods (in one working hour) Rice Car Viet Nam | Japan 10 tons 30 tons 2 cars 10 cars a) which country has absolute advantage in which goods? b) which country has comparative advantage in which goods? c) indentify the trade pattern? (which country specializes, exports and imports which goods) d) find the trade ratio between two countries? e) choosing the quantity of trade by yourself, drawing graph to show how international trade benefits the two countries. There are two countries Japan and Vietnam with two goods rice and car. The following table decribes the productivity of two countries in producing two goods (in one working hour) Rice Car Viet Nam | Japan 10 tons 30 tons 2 cars 10 cars a) which country has absolute advantage in which goods? b) which country has comparative advantage in which goods? c) indentify the trade pattern? (which country specializes, exports and imports which goods) d) find the trade ratio between two countries? e) choosing the quantity of trade by yourself, drawing graph to show how international trade benefits the two countries.
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