(Solved): HELP The figure below depicts the production possibilities curve (PPC) for the U.5. and Canada, two ...

The figure below depicts the production possibilities curve (PPC) for the U.5. and Canada, two countries that can produce cars and trucks. Assame the two countries trade only with each other. The U,5. and Canada have the same total amount of hours of laboe engaked in production. In which good does the US5, have absolute advantage? Hint: remember that the U.S. and Canada have the same amount of habor. Look at their PPCs. What is the maximum amount of cars that U.S. workers can produce? What about Canadian workers? What does that tell you The figure below depicts the production possiblities curve (P.PC) for the U.S. and Canada, two countries that can produce cars and trucks. Assume the two countries trade only with each other. The U.5. and Canada have the same total amount of hours of labor engaged in production. In which good does the U.S, have comparative advantage? The frure below depicts the production possibilities curve (PPC) for the U.S. and Canada, two countries that can produce cars and trucks. Assume the two countries trade only with each other. The U.5, and Canada have the same total amount of hours of tabor engaged in production. Suppose that a U.S. worker needs 5 hours of labor to produce either a car or a truck. Calculate the total number of hours of labor available in the U.S., that is, the total labor force (in hours of labor) of the U.S. (Hint: if you need 5 hours of labor to make one car, how many hours of labor do you need to make 1000?) Enter a whole or decimal number, as appropriate. Enter 0 if the answer cannot be obtained with the information given. Only exact answer accepted. The figure below depicts the production possibilities curve (PPCI for the US, and Canada, two countries that can produce cars and trucks. Assume the two countries trade only with each other. The U.S. and Canada have the Hame total amount of hours of Labor enifazed in production. When the two countries trade with each other, the trade price of cars must be in between two certain bounds. Enter a reasonable trade price that lies between those bounds. This is the trade price of cars (in terms of trucks). so if you enter 2.5, that means "2.5 trucks/ car, or "2.5 trucks per car," of "you get \( 2.5 \) trucks per car traded." Enter a whole or decimal number. Enter 0 if the answer cannot be obtained with the information given, Amy number within the correct bounds will be accepted.