, what can be concluded about Spain’s absolute and comparative advantage for both boats and trucks?

  1. Referring to Table 1, what can be concluded about Spain’s absolute and comparative advantage for both boats and trucks?
 

Maximum Output
 
TABLE 1:
Spain Portugal
Boats 3 2
Trucks 12 6

 

 

 

  1. Referring to Table 2:

 

. Who has absolute advantage in what good?

. Italy has comparative advantage in what good?

. Greece has comparative advantage in what good?

 

        Maximum Output

 

TABLE 2:
Wine Tables
Italy 1,000 200
Greece 200 100

 

Part Two

Essay question: As a student, you are currently, paying $5,000 in tuition annually. You work and decide you want to devote more time to your studies to increase your grade point average (GPA); therefore, you give up your job earning $25,000 annually. You expect that when you graduate you will earn $40,000 annually. It takes you one year to complete your studies.

  1. Explain the concept of opportunity cost.
  2. Is it beneficial to quit your job? Why, or why not?

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.

[order_calculator]