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France and Japan have the same-sized labor force.Suppose French workers can produce 2 cars per year, and Japanese workers can produce 10 cars per year.
France and Japan have the same-sized labor force.Suppose French workers can produce 2 cars per year, and Japanese workers can produce 10 cars per year. Suppose French workers can produce 1 sailboat per year, and Japanese workers can produce 2 sailboats per year. Which of the following is true? a. France has a comparative advantage in producing sailboats. O b. France has a comparative advantage in producing cars. O c.France has an absolute advantage in producing both goods. O d. France has neither a comparative or absolute advantage at producing either. e. More information about income is required
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