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The following table shows production in a simple two-good, two-country economy. The two countries are Country W and Country X and the two goods are

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The following table shows production in a simple two-good, two-country economy. The two countries are Country W and Country X and the two goods are oil and automobiles. Country Barrels of Oil Automobiles Country W 250 20 Country X 500 30 ts eBook Instructions: Enter your answer rounded to three decimal places. Print a. Country W has an absolute advantage in the production of O oil. ferences O automobiles. O neither oil nor automobiles. b. The opportunity cost of oil for Country W is automobiles. (Click to select) as a comparative advantage in the production of oil, and (Click to select) | has a comparative advantage in the Country W pbiles. Country X

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