subject

1. Assume that at maximum production levels, Japan can produce either 100 CD’s or 50 DVD’s. The U. S. can produce either 90 CD’s or 30 DVD’s. a. Draw the PPF curves for each of these countries producing these two products.
b. Who has the absolute advantage for each product? Why?
c. Calculate the comparative advantage for each country in both CD and DVD production and show your results. Who has the comparative advantage for each product? Why?
2. Now assume that China develops a newer technology that gives them absolute advantage over both Japan and the U. S. in both CD and DVD production.
a. Can the Chinese still benefit from trade with the other two countries? Why or why not?
b. If China committed to specializing in one good over another, would that be economically sound? Why or why not?

ansver
Answers: 1

Other questions on the subject: Advanced Placement (AP)

image
Advanced Placement (AP), 24.06.2019 09:00, albattatasraap5wymy
Based on what you've learned about the professions, which ones appeal to you as a potential career and why? if none interest you as a future career, indicate another career you're interested in and explain why that career interests you.
Answers: 1
image
Advanced Placement (AP), 24.06.2019 16:00, maya8909
Which organisims can cause diseases a. micro organisims b. multicellular organisnims c. both d. neither
Answers: 1
image
Advanced Placement (AP), 25.06.2019 22:30, Adeenieweenie
Bytes are commonly used to identify the size of digital information. how many bits are in a byte? 1 2 8 10
Answers: 1
image
Advanced Placement (AP), 26.06.2019 00:00, crazylogic5094
Which best describes the t in a smart goal?
Answers: 1
You know the right answer?
1. Assume that at maximum production levels, Japan can produce either 100 CD’s or 50 DVD’s. The U. S...

Questions in other subjects:

Konu
Mathematics, 10.03.2021 19:10
Konu
History, 10.03.2021 19:10
Konu
Mathematics, 10.03.2021 19:10
Konu
Mathematics, 10.03.2021 19:10