Utilizing the info above which country has a comparative

Reference no: EM1340016

Important information about concept of comparative advantage

Given an hour of production, Norway can produce 10 cars and 20 trucks and Costa Rica can produce 5 cars and 15 trucks. If Norway produces only cars, it can produce 20 and if it uses all its factors of production to make only trucks it can make 40. If Costa Rica produces only cars, it can make 10 but if produces only trucks it can make 30.

Using the info above, which country has a comparative advantage in producing cars and which has a comparative advantage in producing trucks?

Reference no: EM1340016

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