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The Band, not the Disease!
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Im doin an online quiz.. need some assistance please!! Can anyone help??

American and Japanese workers can each produce 4 cars per year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain per year. To keep things simple, assume that each country has 100 million workers.

1. For the United States, what is the opportunity cost of a car?
???? tons of grain

2. For the United States, what is the opportunity cost of a ton of grain?
??????? Number of cars

3. For Japan, what is the opportunity cost of a car?
????? tons of grain

4. For Japan, what is the opportunity cost of a ton of grain?
?????? number of cars

5. Which country has an absolute advantage in producing cars?

6. Which country has an absolute advantage in producing grain?

7. Which country has a comparative advantage in producing cars?

8. Which country has a comparative advantage in producing grain?


Thanks guys!!!
 

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It may be too late, but:

1. Opportunity cost is 10 over 4 which is 2.5.

2. Opportunity cost is 4 over 10 which is .4.

3. Opportunity cost is 5 over 4 which is 1.25.

4. Opportunity cost is 4 over 5 which is .8.

5. America

6. America

7. America

8. Japan

Hope that helps. ;)
 
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