Question: Topic: Global Business Part I. MINI CASE ANALYSIS For the item below, refer and read the short case and provide what is asked. Two countries

Topic: Global Business

Part I. MINI CASE ANALYSIS For the item below, refer and read the short case and provide what is asked.

  1. Two countries X and Y, intends to engage into an exclusive trade using their rice and corn productions. Country X can produce 80 tons of rice and 60 tons of corn. While country Y produces 150 tons of rice and 100 tons of corn. Examine the case in terms of absolute and comparative advantage to decide which country should engage in specializing in the production of either rice or corn. (5 marks)

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