The following table illustrates what can be produced in 1 da…

The following table illustrates what can be produced in 1 day with the same stock of resources in Slovakia and Croatia. Use the information to answer the following questions.     potatoes  wheat Slovakia 50 25 Croatia 30 18 Based on the theory of comparative advantage, ________ should produce potatoes and __________ should produce wheat.

A family in El Salvador lives in simple cinderblock house wi…

A family in El Salvador lives in simple cinderblock house with limited electricity and only an outdoor well. In parts of El Salvador, this would not be considered poverty. In the USA, it might be considered poverty. This statement illustrates the idea of __________.