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9 September, 09:11

Country A has 1500 units of labor and can produce two goods, mufactures and food. A's producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food. Country B has 1800 units of labor and takes 3 units of labor to produce one unit of manufactures and 9 units to produce one unit of food. Draw the production possibility frontiers for the two countries. Draw the world relative supply curve for manufactures. Would trade take place in between A and B in Adam Smith's world? What good would A export

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  1. 9 September, 09:21
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    A tradinng is more effective
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Home » Business » Country A has 1500 units of labor and can produce two goods, mufactures and food. A's producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food.
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