To determine comparative advantage, we need to compare the opportunity costs. For Country A: Opportunity cost of 1 unit of cloth = 2 units of wheat (since 10 cloth = 20 wheat). Opportunity cost of 1 unit of wheat = 0.5 units of cloth. For Country B: Opportunity cost of 1 unit of cloth = 1 unit of wheat. Opportunity cost of 1 unit of wheat = 1 unit of cloth. Since the opportunity cost of producing wheat is lower in Country A (0.5 units of cloth) compared to Country B (1 unit of cloth), Country A has a comparative advantage in producing wheat.
The main webpage of a website is also known as -
RAM is placed on
In Excel, what is a preprogrammed formula that simplifies complex calculations?
Which process is used to protect against disasters that might destroy the file?
Which of the following is not a primary function of an operating system?
A central computer that holds collections of data and programs for many PCs, workstations and other computers is a
Which animation cannot be done in PowerPoint?
Which of the following is a non-volatile storage device?
Which application software can be used to create, edit, and print documents?
___________ is a passage to connect two networks that may work on different networking models.
