Answer the question(s)below based on the information in the following table
Country
$$\begin{array} { | c | c | c | }
\hline \text { Goods } & \mathrm { A } & \mathrm { B } \
\hline \mathrm { X } & 3 & 9 \
\hline \mathrm { Y } & 4 & 2 \
\hline
\end{array}$$ (numbers indicate hours of labor per unit of output)
-Refer to the table above.If countries were to trade along the lines of absolute advantage
A)A would export X to B.
B)B would import Y from A.
C)neither country would want to trade.
D)More information is needed to determine the pattern.

Question

Answer the question(s)below based on the information in the following table
Country
 $$\begin{array} { | c | c | c | } 
\hline \text { Goods } & \mathrm { A } & \mathrm { B } \
\hline \mathrm { X } & 3 & 9 \
\hline \mathrm { Y } & 4 & 2 \
\hline
\end{array}$$ (numbers indicate hours of labor per unit of output)
-Refer to the table above.If countries were to trade along the lines of absolute advantage
A)A would export X to B.
B)B would import Y from A.
C)neither country would want to trade.
D)More information is needed to determine the pattern.

Quizplus · Accepted Answer

Country A has an absolute advantage in producing good X because it requires fewer labor hours (3) compared to country B (9).

Answer the Question(s)below Based on the Information in the Following