production of radios?

c. Calculate the opportunity cost of producing 10 additional tons of rubber in Japan and in Malaysia.

Which country has a comparative advantage in producing rubber?

d.

In this example, does each country have an absolute advantage and a comparative advantage in the

same good?

e.

In what product should Japan specialize? In what product should Malaysia specialize?

31. Review the numbers for Canada and Venezuela from Table 19.12 which describes how many barrels of oil

and tons of lumber the workers can produce. Use these numbers to answer the rest of this question.

a. Draw a production possibilities frontier for each country. Assume there are 100 workers in each

country. Canadians and Venezuelans desire both oil and lumber. Canadians want at least 2,000 tons of

lumber. Mark a point on their production possibilities where they can get at least 3,000 tons.

b. Assume that the Canadians specialize completely because they figured out they have a comparative
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