Table 1 Country A Country B 5 Soybeans 3 Textiles 1 5 For Questions 14 to 17, consider Table 1 14. Who has the comparative advantage at Textiles? a.

Please answer 3 questions below..............................................................

Table 1Country ACountry B5Soybeans3Textiles15For Questions 14 to 17, consider Table 114. Who has the comparative advantage at Textiles?a. Country Ab. Country BC. Not enough information15. Who has the absolute advantage at Soybeans?a. Country Ab. Country BC. Not enough information16. Suppose that Wa=$3'000 and e=1/3 (e is the exchange rate). What is themaximum level of wp (expressed in $) such that these 2 countries tradeaccording to Comparative Advantage?a. $4'200b. $4'800c. $5'400d. $6'00017. Suppose that wb=1'000 Peso, and e=1/3 (e is the exchange rate). What is themaximum level of Wa (expressed in $) such that these 2 countries tradeaccording to Comparative Advantage?a. $1'666.67b. $2'333C. $3'000d. $15'000