Table 1314 Shows the Output of Kumquats Per Month

question 135

Essay

Table 13.14 shows the output of kumquats per month.

-Suppose that the productivity per worker in the caviar and salmon industries of Canada and Russia are as follows:
a)Which country has the absolute advantage in producing caviar?
b)Which country has the absolute advantage in producing salmon?
c)Which country has the comparative advantage in producing caviar?
d)Which country has the comparative advantage in producing salmon?
e)According to the theory of comparative advantage,will there be trade? If yes,what is the direction of trade?

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Definitions:

Epidermis

The outermost layer of skin in vertebrates; it serves as a protective barrier against environmental factors.

Bacterial Infection

A pathological condition resulting from the presence of microorganisms such as bacteria in the body.

Water Loss

The process through which water is eliminated from an organism or an environment, which can occur through means such as evaporation, respiration, or excretion.

Blood Vessels

Tubes in the body through which blood circulates, including arteries, veins, and capillaries.