1. Is it possible to have a comparative advantage in

the production of a good but not to have an absolute

advantage? Explain.

2. Can a nation's comparative advantage change over

time? What factors would make it change?

3. Complete the following Comparative Advantage problem.

The exhibits below describe the production possibilities for Germany and Turkey.

Optical instruments per year Germany 300 0 0 900 T-Shirts per year Optical instruments per year Turkey 500 0 250 T-Shirts per yearAgain recall that we defined comparative advantage as the opportunity cost of producing goods. Since Saudi Arabia gives up the least to produCe a barrel of oil. (211'