Information for questions 14-20 The world is made of two cou…
Information for questions 14-20 The world is made of two countries, Uplands and Lowlands. Labor is the only factor of production, and Uplands has 500 hours of labor available to be employed, while Lowlands has 200 hours of labor available to be employed. There are two goods, raincoats and shirts. The following table shows the output of each good per hour of labor, in the two countries. Uplands Lowlands Raincoats 2 4 Shirts 8 24 Lowlands has comparative advantage in