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Question: united states canada lumberjack shirts lumberjack boots lumberjack shirts lumberjack...

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                                                United States                                                            Canada

              Lumberjack shirts         Lumberjack boots                    Lumberjack shirts        Lumberjack boots

       A                   12                                     0                                                    6                                     0

       B                     3                                     3                                                    3                                     3

       C                      0                                    4                                                    0                                     6

Which country has absolute advantage in the production of shirts, in the production of boots? Why?

    a. Canada; United States                                         b. United States; Canada

12. In the United States, what is the opportunity cost of one shirt, and of one pair of boots? Show your calculation of domestic costs .Show costs calculation and circle the correct answer

a. 4 boots; 1/3 of shirt         b. 1/3 boots; 3 shirts                c.1 boot; 3 shirts            d. ¼ of boots; 1 shirt      

In Canada, what is the opportunity cost of one shirt, and of one pair of boots? Show your calculation

a. 1 boot; 1 shirt                    b. 3 boots; 3 shirts                   c. 1/3of boots; 1/3 of shirt

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