Economics

The following table shows the output of chicken and fish by two countries, using the same amount of resources. Country Fish Chicken X 20 30 Y 45 35

(i) Identify the country that has an absolute advantage in the production of fish. Explain your answer.

(ii) Identify the country that has an absolute advantage in the production of chicken. Explain your answer.

(iii) Identify the country that has a comparative advantage in the production of fish. Explain your answer.

(iv) Identify the country that has comparative advantage in the production of chicken. Explain your answer.

(v) State a possible term of trade that is mutually

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