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Business, 13.08.2019 00:20 xojade

Suppose that in the united states, producing an aircraft takes 10,000 hours of labor and producing a shirt takes 2 hours of labor. in china, producing an aircraft takes 40,000 hours of labor, while producing a shirt takes 4 hours of labor. what will these nations trade? a) china will export aircraft, while the united states will export shirts. b) china will export shirts, while the united states will export aircraft. c) both nations will export shirts. d) there are no gains from trade in this situation.

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Suppose that in the united states, producing an aircraft takes 10,000 hours of labor and producing a...
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