Question

Jeff

比較利益問題 為何我畫的表格結果會與答案不一樣。b小題

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The following table describes the production possibili-
ties oftwo cities in the country of Baseballia:

Pairs of Red Socks Pairs of White Socks
per Worker per Hour 。 per Worker per Hour

Boston                                3                                          3
Chicago                              六                                           品

aa Without trade, whatis the price of white socks
(in terms of red socks) in Boston? What is the
Price in Chicago?

b.。 Which city has an absolute advantage in the
Production of each color sock? Which city hasa
comparative advantage in the production ofeach
color sock?

c Ithecities trade with each other which color sock
will each export?

d. What is the range of prices at which trade can
occur?

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opportunity cost (50 seones per sweater)

二 With no trade, 1 pair of white socks trades for 1 pair ofred socks in Boston, because
produetivity is the same for the two types ofsocks. The priee in Chieago is 2pairs ofred socks per
1pairofwhite socks.

Boston has an absolute advantage in the production ofboth types ofsocks, becauseaworker in
Boston produces more (3 pairs ofsocks per hour) thana worker in Chicago (2 pairs ofred socks
per houror 1 pair ofwhite socks per hour)

Chieago has acomparative advantage in producing red socks, because the opportunity cost of
produeing apair ofred socks in Chieago is 1/2 pair ofF white socks, while the opportunity cost of
producing apair ofred socks in Bostonis 1 pair of white socks. Boston has acomparative
advantage in producing white socks, because the opportunity cost ofproducing apair of white
socks in Bostonis 1 pair ofTed socks, while the opportunity cost ofproducing apair of white
socks in Chicago is 2 pairs ofred socks,

Ifthey trade socks, Boston will produce white socks for export, because it has the comparative

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