Reference:
Table SEQ Table 3 -Table 3 Above Illustrates the Amount of Dresses and Laptops

question 39

Essay

Reference:
Table SEQ Table 3
$$\begin{array} { c } \text { Country A's praduction in } 1 \text { hour }\quad\quad { \text { Country Z's praductiom in } 1 \text { hour } } \\\begin{array} { | l | l | l | l | } \hline \text { Dresses } \quad \quad \quad \quad \quad \quad& 12 \quad \quad \quad& \text { Dresses } \quad \quad \quad \quad \quad \quad & 9 \quad \quad \quad \\\hline \text { Laptop } & 6 & \text { Laptop } & 3 \\\hline\end{array}\end{array}$$
-Table 3 above illustrates the amount of dresses and laptops two countries can produce with their given amount of resources and level of technology.Which country has the comparative advantage of producing dresses and which country has the comparative advantage of producing laptops?

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Definitions:

Extract

To remove or take out, especially by effort or force.

Present Value

The worth today of a sum of money or cash flows expected in the future, calculated using a specified return rate.

Market Rate

The prevailing price or interest rate for goods, services, or securities in a particular market at a given time.

Extraction

The process of removing raw materials from the earth, which are then used in the production of goods and services.