comparative advantages
Not what you're looking for?
The following table shows the productive capabilities of workers in Izodia and Oz. Use the table to answer the questions that follow.
a)Which country has an absolute advantage in producing televisions? Computers?
b)Which country has a comparative advantage in producing televisions? Computers?
Purchase this Solution
Solution Summary
The expert determines comparative advantages.
Solution Preview
Hi,
Oz has the absolute advantage for producing TV's and Izodia has the absolute adv in producing computers. We can see this easily since the ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.