Game Theory
Toluca Win Lose Cuervos Win 1 ; -1 0 ; 2 Lose -1 ; 0 -1 ; 1
Trade
Copper (hours per thousand tonnes) Computer (hours per unit) South Africa 5 200 U.S. 8 80 Table 1. Number of Hours to Produce One Unit First, calculate the production possibilities before any trade. Second, calculate the opportunity costs and discuss which country has a comparative advantage in producing copper and computers.
Development
Copper (hours per thousand tonnes) Computer (hours per unit) Republic Of The Congo 5 200 U.S. 8 80 Table 1. Number of Hours to Produce One Unit First, calculate the production possibilities before any trade. Second, calculate the opportunity costs and discuss which country has a comparative advantage in producing copper and computers.