This paper circulates around the core theme of (a) Which country has a comparative advantage in producing ethanol together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Australia can produce 50 barrels of ethanol or 30 tonnes of wheat a day, while the United States can produce 120 barrels of ethanol or 20 tonnes of wheat a day.
(a) Which country has a comparative advantage in producing ethanol and which country has a comparative advantage in producing wheat? Explain why.