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Suppose that Canada can produce 80 bicycles or 10 skateboards in a typical workweek, while Norway can produce 70 bicycles or 10 skateboards in a
Suppose that Canada can produce 80 bicycles or 10 skateboards in a typical workweek, while Norway can produce 70 bicycles or 10 skateboards in a typical workweek. What can we conclude from these numbers? a. Canada has a comparative advantage in the production of bicycles. b. Norway has an absolute advantage in the production of skateboards. c. Norway has a comparative advantage in the production of bicycles. d. Canada has an absolute advantage in the production of skateboards
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