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