Compass Radio Russia 8 16 England 12 48 Use the table…
Compass Radio Russia 8 16 England 12 48 Use the table above to answer the following questions. 1. Which country has an absolute advantage in producing radios? 2. Which country has an absolute advantage in producing compasses? 3. What is Russia’s opportunity cost of one radio? 4. What is Russia’s opportunity cost of one compass? 5. What is England’s opportunity cost of one radio? 6. What is England’s opportunity cost of one compass? 7. Which country has a comparative advantage in producing radios? 8. Which country has a comparative advantage in producing compasses?