Econ / IS 13
University Of California - Davis
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UCI Econ / IS 13 Homework 2 | Grade A | CALIFORNIA UNIVERSITY
- Exam (elaborations) • 19 pages • 2021
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UCI Econ / IS 13 Homework 2 | Grade A | CALIFORNIA UNIVERSITY
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UCI ECON / IS 13 HOMEWORK 2 . 100% GRADED.
- Exam (elaborations) • 18 pages • 2020
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_d 1. The nation of Pineland forbids international trade. In Pineland, you can buy 1 pound of fish
for 2 pounds of pineapples. In other countries, you can buy 1 pound of fish for 1.5 pounds of pineapples.
These facts indicate that
a. Pineland has a comparative advantage, relative to other countries, in producing fish.
b. other countries have a comparative advantage, relative to Pineland, in producing
pineapples.
c. the price of pineapples in Pineland exceeds the world price of pineapples.
d. if ...
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