{"id":9811,"date":"2014-01-14T23:57:00","date_gmt":"2014-01-15T04:57:00","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=9811"},"modified":"2014-01-15T00:56:13","modified_gmt":"2014-01-15T05:56:13","slug":"economics-11514","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2014\/01\/14\/economics-11514\/","title":{"rendered":"Economics – 1\/15\/14"},"content":{"rendered":"

I.\u00a0 Bellwork:\u00a0 <\/b>Consider the following two states Assume they produce only these two goods.<\/p>\n

<\/p>\n

<\/p>\n\n\n\n\n\n
<\/td>\n\n

Michigan<\/p>\n<\/td>\n

\n

Minnesota<\/p>\n<\/td>\n<\/tr>\n

\n

Apples<\/p>\n<\/td>\n

\n

12<\/p>\n<\/td>\n

\n

8<\/p>\n<\/td>\n<\/tr>\n

\n

Cherries<\/p>\n<\/td>\n

\n

10<\/p>\n<\/td>\n

\n

6<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \n
  1. Which state has the absolute advantage in apples? ________________________<\/li>\n
  2. Which state has the absolute advantage in cherries? ________________________<\/li>\n
  3. Which state has the comparative advantage in apples? Show relationships ______________________<\/li>\n<\/ol>\n
      \n
    1. Which state has the comparative advantage in cherries? show relationships_____________________<\/li>\n<\/ol>\n

      II. Objective<\/b><\/p>\n