PRODUCT PER WORKER SOUTH AFRICA NIGERIA TABLES 100 UNITS 40 UNITS CHAIRS 50 UNITS 10 UNITS Calculate the opportunity costs of producing tables in South Africa and in Nigeria. Show your calculations. Which country has an absolute advantage in the production of tables? Justify your answer. Explain which product each of the countries should specialise in and export. Use the information relating to comparative advantage to support your answer.
PRODUCT PER WORKER SOUTH AFRICA NIGERIA TABLES 100 UNITS 40 UNITS CHAIRS 50 UNITS 10 UNITS Calculate the opportunity costs of producing tables in South Africa and in Nigeria. Show your calculations. Which country has an absolute advantage in the production of tables? Justify your answer. Explain which product each of the countries should specialise in and export. Use the information relating to comparative advantage to support your answer.
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 1SQP
Related questions
Question
| PRODUCT PER WORKER | SOUTH AFRICA | NIGERIA |
| TABLES | 100 UNITS | 40 UNITS |
| CHAIRS | 50 UNITS | 10 UNITS |
- Calculate the
opportunity costs of producing tables in South Africa
and in Nigeria. Show your calculations. - Which country has an
absolute advantage in the production of tables?
Justify your answer. - Explain which product each of the countries should specialise in and
export. Use the information relating tocomparative advantage to
support your answer.
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