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Tidy Tidy
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8 years ago
Suppose in Belgium, the opportunity cost of producing a trombone is 8 clarinets. In Denmark, the opportunity cost of producing a trombone is 6 clarinets.
a.    What is the opportunity cost of producing a clarinet for Belgium?
b.    What is the opportunity cost of producing a clarinet for Denmark?
c.    Which country has a comparative advantage in the production of clarinets?
d.    Which country has a comparative advantage in the production of trombones?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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DropxDropx
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8 years ago
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8 years ago
Thanks for the feedback Slight Smile
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