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agoldberg2011 agoldberg2011
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2 months ago
Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing one watch is 2 shirts in Corinthia, while the opportunity cost of producing one watch is 3 shirts in Berylia. Which of the following statements is TRUE in this case?

▸ Corinthia has an absolute advantage in producing watches.

▸ Berylia has a comparative advantage in producing watches.

▸ Berylia has an absolute advantage in producing watches.

▸ Corinthia has a comparative advantage in producing watches.
Textbook 

Macroeconomics


Edition: 3rd
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voltayrevoltayre
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2 months ago
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More solutions for this book are available here
Corinthia has a comparative advantage in producing watches.

1

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agoldberg2011 Author
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2 months ago
Thanks for your help!!
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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