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1.Country America can produce either 10X and 0Y or 0x and 20Y. Country Britain can produce either 30X and 0Y or 0X and 40Y. a.Which

1.Country "America" can produce either 10X and 0Y or 0x and 20Y. Country "Britain" can produce either 30X and 0Y or 0X and 40Y.

a.Which country has the absolute advantage I the production of X? Y?

b.Which country has the comparative advantage of X? Y?

c.If these countries to decide to specialize and trade what will be the final outcome?

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