Essay
Suppose that 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?
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a.For Belgium,the opportunity cost of pr...View Answer
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Correct Answer:
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