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meaning that land, water, and all other resources are plentiful in both countries. Each farmer in Ireland can produce 1 0 tons of grain or
meaning that land, water, and all other resources are plentiful in both countries.
Each farmer in Ireland can produce tons of grain or tons of dates in a season. Each farmer in Libya can also produce tons of grain or tons of dates. Please answer the four questions.
Which country has the absolute advantage in producing dates?
Libya
Ireland
Neither
Which country has the comparative advantage in producing dates?
Libya
Ireland
Neither
Which country has the absolute advantage in producing grain?
Libya
Ireland
Neither
Which country has the comparative advantage in producing grain?
Libya
Ireland
Neither
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