πŸ“Š International Economics
Q. Given below is a table whowing the maximum amount of wheat and cloth that the U K and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80
  • (A) us have comparative advantage in cloth and u k have comparative advantage in wheat
  • (B) u k have comparative advantage in cloth and us have comparative advantage in wheat
  • (C) us have comparative advantage in cloth and wheat
  • (D) uk have comparative advantage in cloth wheat
πŸ’¬ Discuss
βœ… Correct Answer: (A) us have comparative advantage in cloth and u k have comparative advantage in wheat

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