Calculators Backpacks Canada Japan 4 3 6 2 Which country has an absolute advantage in the production of calculators? In backpacks?
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k for country i means that i has a revealed comparative advantage in that sector RCA indices are very simple to calculate from trade data and can be
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Absolute advantage: The person or country that produces a good with a smaller Therefore, we need to calculate the opportunity cost of each
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14 sept 2006 · to calculate the wage in the USA relative to the UK post-trade has a comparative advantage and can then either consume it, or trade it
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For calculators, the relative productivity in France (0 5) is lower than the relative wage (2 5), so France is not competitive and Germany has the comparative
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France has a comparative advantage (CA) in because the opportunity cost of producing For calculators, the relative productivity in France ( ) is _____
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(b) Which city has an absolute advantage in the production of each color sock? (b), calculate the real exchange rates (i e , the rate at which Big Macs
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6 avr 2011 · This section details the calculation of each indicator and provides some If there were no comparative advantage or disadvantage for any
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Anna Anna has the comparative advantage in cabbage because her opportunity cost is lower than Barry's Note: In this example, each producer has the absolute
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