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Figure: Comparative Advantage and the Production Possibility Frontier
-(Figure: Comparative Advantage and the Production Possibility Frontier)Use Figure: Comparative Advantage and the Production Possibility Frontier._____ has an absolute advantage in the production of _____ and a comparative advantage in the production of _____.

Question

Use the following to answer questions:
Figure: Comparative Advantage and the Production Possibility Frontier 
-(Figure: Comparative Advantage and the Production Possibility Frontier)Use Figure: Comparative Advantage and the Production Possibility Frontier._____ has an absolute advantage in the production of _____ and a comparative advantage in the production of _____.

Quizplus · Accepted Answer

Canada has an absolute advantage in computers because it can produce more computers than Colombia. It also has a comparative advantage in computers if it can produce computers at a lower opportunity cost than Colombia.

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