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Homework answers / question archive / The following table displays the labor input requirements to produce identical quantities of three goods in two nations, holding all other inputs unchanged
The following table displays the labor input requirements to produce identical quantities of three goods in two nations, holding all other inputs unchanged. Use this information to answer the following questions.
| Country | Grains | Wine | Clothing |
|---|---|---|---|
| Nepal | 3 | 4 | 4 |
| India | 4 | 3 | 1 |
(A) Arrange the goods in order of Nepal's comparative advantage, from greatest advantage to lowest advantage (or disadvantage).
(B) Which good or goods could Nepal gain from exporting to India? From importing from India?
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