Comparative Advantage WS Answers

I. 1. Output 2. Joy 3. Perm=Susie 4. HC=Joy 5. They would trade 1 haircut for between 1/2 and 2/3 perms.

II. 1. Output 2. George=flats, brakes they tie 3. Flats=George 4. Breaks=Amy 5. They will trade 1 flat for between 1/2 and 4/7 Brakes

III. 1. Input 2. Joe 3. Dishes=Joe 4. Vacuum=Ana 5. They will trade 1 load of dishes for between 1/3 and 1/2 vacuuming.

IV. 1. Input 2. Texans (Heck yeah!) 3. TX=Beef 4. Virginians=Cotton 5. They will trade one unit of beef for between 1/3 and 3/8 units of cotton.

V. 1. Output 2. Spaniards 3. Wine=Americans 4. Olive Oil=Spaniards 5. They should trade 1 wine for between 4/5 and 1/3 olive oils.

VI. 1. Input 2. Japanese 3. Calculators=Japanese 4. Backpacks=Canadians 5. They should trade 1 calculator for between 2/3 and 1 1/2 backpacks.

VII. 1. Output 2. Americans 3. TV=Chinese 4. Computers=America 5. They should trade 1 computer for between 1 and 1 1/3 TV's.

VIII. 1. Output 2. EM 3. Gas=EM 4. Fuel=CG 5. They should trade one gasoline for between 9/11 and 8/9 fuel.

IX. Tough question, I thought this was a trick. 1. Input 2. Victor 3. Mow=Victor 4. Mall=Elizabeth 5. They should trade 1 hour of lawn mowing for between 2/3 and 3/4 of an hour of mall work.