Suppose that in one month, the United States canproduce 10,000 boxes of frozen waffl es
Chapter 18, Problem 2(choose chapter or problem)
Suppose that in one month, the United States canproduce 10,000 boxes of frozen waffl es and nomaple syrup or 4,000 gallons of maple syrup andno frozen waffl es. In the same period, T.H.E.M.can produce 5,000 boxes of frozen waffl es and nomaple syrup or 1,000 gallons of maple syrup andno frozen waffl es. We then know that a. the United States has a comparative advantagein producing frozen waffl es. b. the United States has a comparative advantagein producing maple syrup. c. T.H.E.M. has a comparative advantage in producingmaple syrup. d. T.H.E.M. has an absolute advantage inproducing frozen waffl es.
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