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Question 1

The following table describes production possibilities for United States and Kenya. Each number in the table shows the number of workers needed to produce one unit of the product.

Countrycomputersdishwashers
United States1012
Kenya25

Suppose that both countries have 70 workers. What is the opportunity cost of producing computers in United States?

dishwashers

 

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Question 2
What is the opportunity cost of producing dishwashers in United States?

computers

 

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Question 3
What is the opportunity cost of producing computers in Kenya?

dishwashers

 

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Question 4
What is the opportunity cost of producing dishwashers in Kenya?

computers

 

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Question 5
Which country has an absolute advantage in producing computers?

 

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Question 6
Which country has an absolute advantage in producing dishwashers?

 

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Question 7
Which country has a comparative advantage in producing dishwashers?

 

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Question 8
Which country has a comparative advantage in producing computers?

 

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Question 9
Which country should be specializing in the production of dishwashers?

 

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Question 10
Which country should be specializing in the production of computers?

 

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Question 11
Which country should be exporting computers?

 

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Question 12
Which country should be exporting dishwashers?

 

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Question 13
Suppose that The U.S. takes all of their workers to produce computers. How much of the product can they produce?

 

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Question 14
Suppose that The U.S. takes all of their workers to produce dishwashers. How much of the product can they produce?

 

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Question 15
Suppose that Kenya takes all of their workers to produce computers. How much of the product can they produce?

 

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Question 16
Suppose that Kenya takes all of their workers to produce dishwashers. How much of the product can they produce?

 

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