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nguyenduong67 nguyenduong67
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7 years ago
Consider two individuals, Ozzy and Sharon, who produce toy boats and yoyos. Ozzy's and Sharon's hourly productivity are as follows:

   Yoyos /hour   Toy boats /hour
Ozzy   12   4
Sharon   10   5

Who has the absolute advantage or comparative advantage in the production of yoyos or boats?
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Quinn1981Quinn1981
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7 years ago
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