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Assume that China and France each have 1,000 production units. With one production, China can produce either 10 containers of toys or 7 cases of
Assume that China and France each have 1,000 production units. With one production, China can produce either 10 containers of toys or 7 cases of wine. France can produce either 2 containers of toys or 7 cases of wine. Assume at first that no trade takes place. China allocates 800 production units to building toys and 200 productions units to producing wine. France allocates 200 production units to building toys and 800 productions units to producing wine. Which country has absolute advantage in toy production? O A. China B. France O C. Both OD. Neither Which country has absolute advantage in wine production? O A. France B. China C. Neither D. Both China produces cases of toys and cases of wine. France produces cases of toys and cases of wine. The world production of toys is cases. The world production of wine is cases
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