Exhibit B-1 below shows the quantity of thing-a-ma-jigs or truffala fruit that can be produced by each country, if all of its resources are devoted to that product.

-In Exhibit B-1 Barbootland has an absolute advantage in the production of kiwi fruit.

Question

Exhibit B-1 below shows the quantity of thing-a-ma-jigs or truffala fruit that can be produced by each country, if all of its resources are devoted to that product.
 
-In Exhibit B-1 Barbootland has an absolute advantage in the production of kiwi fruit.

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a country, entity, or individual to produce a good or service more efficiently than competitors using the same amount of resources. If Exhibit B-1 shows Barbootland producing kiwi fruit more efficiently than others, then it has an absolute advantage in kiwi fruit production.

Exhibit B-1 Below Shows the Quantity of Thing-A-Ma-Jigs or Truffala