Refer to the information provided in Table 19.2 below to answer the questions that follow.
Table 19.2

-Refer to Table 19.2.________ has a comparative advantage in motorcycles and ________ has an absolute advantage in motorcycles.

Question

Refer to the information provided in Table 19.2 below to answer the questions that follow.
Table 19.2
 
-Refer to Table 19.2.________ has a comparative advantage in motorcycles and ________ has an absolute advantage in motorcycles.

Quizplus · Accepted Answer

Thailand has a comparative advantage in motorcycles if it can produce them at a lower opportunity cost than other countries. Neither country has an absolute advantage if neither can produce more motorcycles with the same resources compared to the other.

Refer to the Information Provided in Table 19