Business, 15.04.2020 02:01, gremar0976

In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. In the United States, an automobile can be produced by 6 workers in one day, and a washing machine by 2 workers in one day. A) Which country has an absolute advantage in the production of automobiles and in washing machines? B) Which country has a comparative advantage in the production of washing machines and in automobiles? C) Which pattern of specialization results in the greatest gains from trade between the two countries?

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In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers i...