Please help with the following problem:
Israel can produce 100 computers or 50 tanks
Canada can produce 40 computers or 15 tanks
Which country has the absolute advantage in the production of tanks? Why is it this country? Which country has the comparative advantage in the production of computers? How did you determine your answer?© BrainMass Inc. brainmass.com March 4, 2021, 10:41 pm ad1c9bdddf
Principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of ...
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