1. What is the opportunity cost of one unit of wheat in Arboc? 2. What is the op

1. What is the opportunity cost of one unit of wheat in Arboc?
2. What is the opportunity cost of one unit of wheat in Arbez?
3. Which country has a comparative advantage in the production of wheat?
4. What is the opportunity cost of one unit of coffee in Arboc?
5. What is the opportunity cost of one unit of coffee in Arbez?
6. Which country has a comparative advantage in the production of coffee?
7. Based only on comparative advantage
Arboc should produce which good?
Arbez should produce which good?
8. The terms of trade are 2 units of wheat per unit of coffee
Arboc should produce which good?
Arbez should produce which good?
9. The terms of trade are 5 units of wheat per unit of coffee
Arboc should produce which good?
Arbez should produce which good?
10. The terms of trade are 6 units of wheat per unit of coffee. Which country could not gain from trade?