d.

e.

In this example, is absolute advantage the same as comparative advantage, or not?

In what product should Germany specialize? In what product should Poland specialize?

5. How can there be any economic gains for a country from both importing and exporting the same good, like

cars?

6. Table 19.15 shows how the average costs of production for semiconductors (the “chips” in computer

memories) change as the quantity of semiconductors built at that factory increases.

a. Based on these data, sketch a curve with quantity produced on the horizontal axis and average cost of

production on the vertical axis. How does the curve illustrate economies of scale?

b.

If the equilibrium quantity of semiconductors demanded is 90,000, can this economy take full

advantage of economies of scale? What about if quantity demanded is 70,000 semiconductors? 50,000

semiconductors? 30,000 semiconductors?
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