A few days ago
Econimics stuff help!!!?
Consider two neighboring island countries called Bertland and Ernamia. Each has 4 million labour hours available per week that it can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or clothing that can be produced using 1 hour of labour.
Wheat Clothing
Bertland 4 5
Ernamia 6 3
Initially, before these countries began trading goods, Bertland used 1 million hours of labour per week to produce clothing and 3 million hours per week to produce wheat, while Ernamia used 3 million hours of labour per week to produce clothing and 1 million hours per week to produce wheat.
4.6. _____ had a comparative advantage in the production of wheat and _____ had a comparative advantage in the production of clothing.
Top 1 Answers
A few days ago
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so ermania should be trading its wheat to bertland for the clothes
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