Table 2-9 One Wristwatch Rice (per pound) Japan 50…
Table 2-9 One Wristwatch Rice (per pound) Japan 50 hours 2 hours Thailand 30 hours 1.5 hours Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.Refer to Table 2-9. Japan has a comparative advantage in the production of