Question

Please draw a diagram and answer the question below. Also include a explanation thanks.

For Thurs, each of you should create a new comparative advantage diagram using these numbers: The U.S. can make 50 cars and China 10. The U.S. can make 10 computers and China 4. Include what their ppc gradiants look like? And what would be a "fair" currency value between the 2 countries when it came to cost of their cars and computers?

Answer 1

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