2019-01-24T11:25:08+00:00
Topic: Labor Hours Required to Produce One Unit: Wine Coffee
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Topic: Labor Hours Required to Produce One Unit: Wine Coffee Instructions:
Which country has an absolute advantage in wine production? Which country has an absolute advantage in coffee production? What is the opportunity cost of wine in Argentina? What is the opportunity cost of wine in Columbia? What is the opportunity cost of coffee in Argentina? What is the opportunity cost of coffee in Columbia? Which country has a comparative advantage in wine? Which country has a comparative advantage in coffee? Which country will export wine? Which country will export coffee?
Content:
J. SOLVE ECO PROBLEMS Name Institution Date Question 1 Labor Hours Required to Produce One Unit Wine Coffee Argentina 4 hrs. 8 hrs. Columbia 8 hrs. 12 hrs. Which country has an absolute advantage in wine production? Argentina has lower labor costs in wine production Which country has an absolute advantage in coffee production? Argentina also has lower labor
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