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Economics - Financial Markets 10 Online
OpenStudy (anonymous):

@dmndlife24

OpenStudy (dmndlife24):

YASS

OpenStudy (anonymous):

Worker hours to produce one barrel of crude oil Worker hours to produce one ton of coal United States Developed 4 5 Country A Developing 6 5 Country B Developed 7 3 Using the chart, identify an example of comparative advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the AVAILABILITY and use of a natural resource may impact advantage.

OpenStudy (dmndlife24):

Is it a chart?

OpenStudy (anonymous):

yes

OpenStudy (dmndlife24):

Okay so it takes the U.S. 4 worker hours to produce one barrel of crude oil and 5 worker hours to produce one ton of coal. For country A, it takes 6 worker hours to produce one barrel of crude oil and 5 worker hours (same as the U.S.) to produce one ton of coal. For country B, it takes 7 worker hours to produce one barrel of crude oil but only 3 hours to produce on ton of coal...and notice that country A is the only developing country

OpenStudy (anonymous):

right

OpenStudy (anonymous):

so far I explained how the availability and use of natural resource may impact advantage

OpenStudy (dmndlife24):

And we have to identify an example of comparative advantage for the United States over either Country A or Country B

OpenStudy (anonymous):

I'll inbox u the answer I got

OpenStudy (anonymous):

im just having hard time answerin the first couple of questions

OpenStudy (dmndlife24):

thats true and developing countries tend to lack just that

OpenStudy (anonymous):

I inboxed u the answer let me know wat u think

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