Economics: Comparative Advantage and Trade question?

Sportsfan

Member
Feb 27, 2008
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Japan can produce either 80 cars, or 16 planes. Korea can produce either 48 cars, or 16 planes. Japan's opportunity cost for 1 plane is 5 cars, Korea's opportunity cost for 1 plane is 3 cars.

Both countries would benefit from trade if 1 airplane was traded from Korea to Japan for between __ and __ cars?

Thanks for your help, it is very much appreciated.
 
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