Which country has a comparative advantage in the production

Reference no: EM131250738

The United States and Switzerland both produce automobiles and watches. The labor required to produce a unit of each product is shown in the following table:

a) Which country has an absolute advantage in the production of watches? In the production of automobiles?

b) Which country has a comparative advantage in the production of watches? in the production of automobiles?

Reference no: EM131250738

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