Question

Consider the following table Production Possibilities for Country X and Y Boats Cars Country X 1000...

Consider the following table

Production Possibilities for Country X and Y
Boats Cars
Country X 1000 6000
Country Y 4000 8000

A. Which country has the absolute advantage in the production of Boats?

B. Which country has the comparative advantage in the production of Boats?

C. Which country has the comparative advantage in the production of Cars?

this is the whole question no more data.. its 3 different questions

Math   Statistics-And-Probability   
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