The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-No country can have an absolute advantage in the production of more than one good.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-No country can have an absolute advantage in the production of more than one good.

Quizplus · Accepted Answer

A country can have an absolute advantage in the production of more than one good if it can produce those goods more efficiently (i.e., at a lower cost) than other countries.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity