The table is an example of:

Question

Quizplus · Accepted Answer

The table is an example of comparative advantage, which is the ability of a country to produce a particular good or service at a lower opportunity cost than another country. The table shows that Country A can produce more fish than Country B with the same amount of resources, while Country B can produce more wheat than Country A with the same amount of resources. This means that both countries can benefit from trade by specializing in the production of the good in which they have a comparative advantage and then trading with each other.

The Table Is an Example Of