Suppose Singapore is endowed with 100 units of labour. With 1 unit of labour, it can produce either 1 computer or 10 cameras. The world relative price of computers in terms of cameras is 12.
Determine Singapore’s comparative advantage.
相对优势不是要在两个国家间比较的吗?自己和自己比,怎么看呢?
这里singapore的comparative advantage是producing computer吗?
那他的the production-possibility curve 应该是怎样的呢?