Homework Answers
a) Egypt has the absolute advantage in producing dates
b) Neither country has the absolute advantage in producing grain
c) opportunity cost of producing dates for
Sweden: 10/5 =2
Egypt = 10/25 = 0.4
so, Egypt has the comparative advantage in producing dates
d) opportunity cost of producing grain for
Sweden: 5/10 = 0.5
Egypt: 25/10 =2.5
so, Sweden has the comparative advantage in producing grain
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