International Economics: Trade, Exchange Rates, and Globalisation
Question 1 of 5
Time left: 00:00
Free Maths Q & A Practice 1 of 5 free exam-style exercises in this topic

Evidence for analysis

Comparative opportunity costCountryCloth forgone per wineA: wine costs 3 clothB: wine costs 2 clothWhich country has comparative advantage?
EvidenceValue
Country ACloth 2h; wine 6h
Country BCloth 4h; wine 8h
CompareOpportunity cost of wine

Country A needs 2 hours for cloth and 6 for wine; B needs 4 for cloth and 8 for wine. Who has comparative advantage in wine?

Select one option.
You have used 0 of 1 attempt
Next ▶