Who has absolute advantange in chocolates

Assignment Help Macroeconomics

Reference no: EM13245891

Number of Labor Hours needed to produce one unit of:

Chocolates Shirts

Switzerland 10 15

U.S. 12 24

1. Who has absolute advantange in chocolates? Who has absolute advantage in shirts?

2. Who has comparative advantage in chocolates? Who has comparative advantage in shirts?

3. If these nations trade freely, what does the U.S. import from Switzerland?

Reference no: EM13245891

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