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If Canada spends 20 hours producing a refrigerator and 10 hours producing a stove, and France spends 12 hours producing a refrigerator and 5 hours
If Canada spends 20 hours producing a refrigerator and 10 hours producing a stove, and France spends 12 hours producing a refrigerator and 5 hours producing a stove, which of the following are true?
Select the correct answer below:
Canada has an absolute advantage in producing refrigerators
Canada has absolute advantage in producing stoves
Canada has absolute advantage in producing both goods
France has absolute advantage in producing both goods
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