country has an absolute advantage in the production of motorcycles

Answer the following questions from Table 1-1 – must show workings
Australian Expert Writers
1.1a.Which country has an absolute advantage in the production of motorcycles?
2.1b.Which country has an absolute advantage in the production of guitars?
3.1c.What is Ireland’s opportunity cost of producing one motorcycle?
4.1d.What is Scotland’s opportunity cost of producing one motorcycle?
5.1e.What is Ireland’s opportunity cost of producing one guitar?
6.1f.What is Scotland’s opportunity cost of producing one guitar?
7.1g.If each country specialises in the production of the product in which it has a comparative advantage, who should produce motorcycles?
8.1h.If each country specialises in the production of the product in which it has a comparative advantage, who should produce guitars?
2.Define the concept of efficiency. Define the concept of equity. Using the tax system as an example to explain how a trade-off exists between economic efficiency and equity.

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