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
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
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.