Question

See the table here below: Labor Input: Tables and Chairs Production | | Country X | Country Y | | :--- | :--- | :--- | | Chair | 6 | 2 | | Table | 20 | 10 | Determine which country has comparative advantage in the production of chairs and tables, respectively? Country Y, Country X. Both have the lowest opportunity cost in each of the items. Country Y, Country Y Incorrect; no country can have a comparative advantage in the production of both items. Learning Objective: Calculate comparative advantage Country X, Country X Country X, Country Y

          See the table here below:

Labor Input: Tables and Chairs Production

| | Country X | Country Y |
| :--- | :--- | :--- |
| Chair | 6 | 2 |
| Table | 20 | 10 |

Determine which country has comparative advantage in the production of chairs and tables, respectively?

Country Y, Country X. Both have the lowest opportunity cost in each of the items.
Country Y, Country Y
Incorrect; no country can have a comparative advantage in the production of both items.
Learning Objective: Calculate comparative advantage
Country X, Country X
Country X, Country Y

See the table here below:

Labor Input: Tables and Chairs Production

| | Country X | Country Y |
| :— | :— | :— |
| Chair | 6 | 2 |
| Table | 20 | 10 |

Determine which country has comparative advantage in the production of chairs and tables, respectively?

Country Y, Country X. Both have the lowest opportunity cost in each of the items.
Country Y, Country Y
Incorrect; no country can have a comparative advantage in the production of both items.
Learning Objective: Calculate comparative advantage
Country X, Country X
Country X, Country Y

Added by Richard V.

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