Absolute/Comparative Advantage Essay - AP Economics Answer the following questions in the space provided: Slinky PART I: Frisbee A) Define Absolute Advantage. B) Define Comparative Advantage. PART II: In one day, Australia has the labor force, capital, and technology to produce 5 Frisbees in 1 minute or 10 Slinkies in 1 minute. New Zealand, by contrast has the labor force, capital, and technology to produce 8 Frisbees in 1 minute or 12 Slinkies in 1 minute. A) Is this an input or output problem? Why? B) From this information, draw one PPC which includes each country (label and place numbers on the axes). Use constant opportunity costs for the curves. C) Put together a table showing the calculations needed to determine comparative advantage for this situation: Which ? Why