Q. Given below is a table whowing the maximum amount of wheat and cloth that the UK and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80 (Solved)
1. us have comparative advantage in cloth and u k have comparative advantage in wheat
2. u k have comparative advantage in cloth and us have comparative advantage in wheat
3. us have comparative advantage in cloth and wheat
4. uk have comparative advantage in cloth wheat
- a. us have comparative advantage in cloth and u k have comparative advantage in wheat