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Show me the answers with workings 3. a. Define the following terms: Berikan definisi terma-terma berikut: A. Absolute advantage / Faedah mutlak ( 3 marks

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3. a. Define the following terms: Berikan definisi terma-terma berikut: A. Absolute advantage / Faedah mutlak ( 3 marks / markah) B. Comparative Advantage / Faedah berbanding ( 3 marks / markat) C Trade surplus / Lebhan dagangan ( 3 marks / markati) b. Refer to the information provided in Figure 1 below to answer the questions that follow. Rujuk maklumat yang diberikan dalam Rajah 1 di bawah untuk menjawab soalan soalan yang benkutnya. England The U.S. 80 60 Cars 20 Trucks Truck Figure 1 / Rajah 1 1, Refer to Figure 1, the opportunity cost of a truck is car(s) in the United States and car(s) in England. (6 marks) Rujuk Rajah 1, kos melepas sebuah trak jalah kereta di Amerika Syarikat dan kereta di England. (6 markah) ii. Refer to Figure 1, the opportunity cost of a car is truck(s) in the United States and truck(s) in England. (6 marks) Rujuk Rajah 1, kos melepas sebuah kereta jalah trak di Amerika Syarikat dan trak di England. (6 markah) ni. Based on the answer in () and (1), England has a comparative advantage in producing (2 marks) Berdasarkan jawapan di (1) dan ("), England mempunyal faedah berbanding dalam menghasiklan (2 markan) iv. Based on the answer in () and (#), the U.S. has a comparative advantage in producing . (2 marks) Berdasarkan jawspan of (1) dan (4), Amerika Syankat mempunyal facdah berbending dalam menghasikan . (2 markah)

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