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Assume two countries, Country A and Country B can produce only two products - wheat and corn. If country A devotes all their resources to
Assume two countries, Country A and Country B can produce only two products - wheat and corn. If country A devotes all their resources to wheat they can produce 100 units per year, and if they devote all their resources to corn, they can produce 25 units per year. If country B devotes all their resources to wheat they can produce 60 units per year, and if they devote all their resources to corn, they can produce 10 units per year. Which of the following statements is true? Group of answer choices a. Country A has an absolute advantage in both goods. b. Country B has an absolute advantage in both goods. c. Country A has a comparative advantage in wheat. d. Country B has a comparative advantage in wheat. e. Both option (a) and option (d) are true
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