The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2 According to Table 20.2, Australia has an:

Question

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2  According to Table 20.2, Australia has an:

Quizplus · Accepted Answer

Australia has an absolute advantage in the production of both food and computers as it can produce more of both goods with the same quantity of resources compared to the Philippines. Specifically, Australia can produce 1,000 computers or 2,000 units of food, while the Philippines can only produce 200 computers or 1,200 units of food. Therefore, Australia has an absolute advantage in both goods.

The Data in the Table Below Assumes That with the Same