Essay
Suppose that in the United States,the opportunity cost of producing a motor engine is 4 auto bodies.In Canada,the opportunity cost of producing a motor engine is 2 auto bodies.
a.What is the opportunity cost of producing an auto body for the United States?
b.What is the opportunity cost of producing an auto body for Canada?
c.Which country has a comparative advantage in the production of auto bodies?
d.Which country has a comparative advantage in the production of motor engines?
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a.For the United States,the opportunity ...View Answer
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Correct Answer:
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