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explain the slide on Between ghana and South korea how Adam Smith absolute advantage theory has been use here.. explain the equation Teacher.. thank u

explain the slide on Between ghana and South korea how Adam Smith absolute advantage theory has been use here.. explain the equation Teacher.. thank u in advance

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WHAT IS SMITH'S THEORY OF ABSOLUTE ADVANTAGE? . Adam Smith (1776) argued that a Cocoa Rice Ghana 2 9 country has an absolute advantage in the South Korea production of a product when it is more Cocoa efficient than any other country in Ghana in 2 South Korea producing it Total production 12.5 . countries should specialize in the production of goods for which they have an absolute Ghana advantage and then trade these goods for South Korea Total production goods produced by other countries Consumptions after Ghana trades 6 5 of Cocoa for 6 tons of Korean Rice Cocoa Rice Ghana South Korea Increase in Consumption as a Result of Specialization and Trade Cocoa Rice Ghana South Korea +

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