University Of California|Econ IS 13 Homework 2 .LATEST SOLUTION
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University Of California|Econ-IS 13 Homework 2 .LATEST SOLUTION
- Exam (elaborations) • 18 pages • 2021
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____ 1. The nation of Pineland forbids international trade. In Pineland, you can buy 1 pound of fish for 2 pounds of pineapples. In other countries, you can buy 1 pound of fish for 1.5 pounds of pineapples. These facts indicate that a. Pineland has a comparative advantage, relative to other countries, in producing fish. b. other countries have a comparative advantage, relative to Pineland, in producing pineapples. c. the price of pineapples in Pineland exceeds the world price of pineapples. d. i...
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