Suppose us and russia produce only two goods meat and, Ask an Expert

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Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities.

Meats(lbs) Potatoes (lbs)

Usa 2 4

Russia 5 20

Who has absolute advantage in each product?
Who has comparative advantage in each product?
What does each country export?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9473897

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