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If the US Could Produce 5 Televisions Per Hour of Labor and Labor

question 134

Essay

If the U.S. could produce 5 televisions per hour of labor and China could produce 3 televisions per hour of labor, would it necessarily follow that the U.S. should specialize in television production?
Explain your answer using the concepts of comparative and or absolute advantage.


Definitions:

Orbit

The path followed by an object revolving around another object or the cavity in the skull in which the eye and its appendages are situated.

Nutrient Cycle

The natural process of recycling nutrients in various chemical forms from the environment to organisms and back to the environment.

Gaseous Phase

A state of matter characterized by neither a defined shape nor volume, with molecules moving freely, much faster than in liquid or solid states.

Phosphorus Cycle

The worldwide circulation of phosphorus from the abiotic environment into living things and back into the abiotic environment.

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