Question
Use the table below to specify which country has an absolute advantage in producing iPads and which country has an absolute advantage in producing TVs.
Use the table below to specify which country has an absolute advantage in producing iPads and which country has an absolute advantage in producing TVs.
Japan Vietnam
Number of iPad produced per hour 10 5
Number of TVs produced per hour 50 10
Select one:
a. Vietnam has an absolute advantage in producing both goods.
b. Japan has an absolute advantage in producing both goods.
c. Japan has an absolute advantage in producing smartphones and Vietnam has an absolute advantage in producing radios.
d. Vietnam has an absolute advantage in producing smartphones and Japan has an absolute advantage in producing radios.
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