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Comparative Advantage Practice

Comparative Advantage Ninja!


Problem:
When given equivalent resources, it takes Austria 11 labor units to produce rice and 16 labor units to produce dill and it takes Pakistan 1 labor units to produce rice and 13 labor units to produce dill.

What is Austria's opportunity cost for rice and dill?
What is Pakistan's opportunity cost for rice and dill?

Who has the absolute advantage in rice?
Who has the absolute advantage in dill?

Who has the comparative advantage in rice?
Who has the comparative advantage in dill?


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