when compared with china the growth of clothing exports originating in Banglades

Question

when compared with china the growth of clothing exports originating in Bangladesh clearly illustrates the Ricardian model of comparative advantage. explain

21 When compared with China, the growth of clothing exports originating in clearly illustrates the Ricardian model of comparative advantage. Explain 9/ 22) In the four-quadrant diagram of the specific factors model, the graph in the upper left quadrant is a country's A) production possibility frontier B production function for food. C) labor allocation constraint. D) production function for cloth E) labor supply curve. 23) The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific faictors miodel is equal to A) -MPLF/MPLus more cloth is produced. A) -MPLF/MPLC becomes steeper B)-MPLF/MPLC: becomes flatter C-MPLE/MPLC: is constarnt D)-MPLC/MPLF: becomes steeper E) -MPLC/MPLF: is constant

Explanation / Answer

Bangladesh has a comparative advantage in clothing. According to the ricardian model the country should export the good for which it has a comparative advantage. Bangladesh has a comparative advantage in clothing because it can produce cloth at a lower opportunity cost as compared to China and that's the reason it exports cloth.

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