Business, 02.09.2020 23:01 leelee85503
In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. In the United States, an automobile can be produced by 6 workers in one day, and a washing machine by 2 workers in one day. A. Which country has an absolute advantage in the production of automobiles? In washing machines? B. Which country has a comparative advantage in the production of washing machines? In automobiles? C. What type of specialization results in the greatest gains from trade between the two countries?
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