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favpat11
favpat11
28.06.2019 • 
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Choose the statement that correctly explains absolute advantage or comparative advantage. a) absolute advantage is the ability of a nation or region to produce more of a certain product than another country or region. b) one country can have a comparative advantage over another country with some products, and an absolute advantage over that same country in another product. c) the country of joetopia produces 4 billion gallons of cola, while the country of amystan makes 400 million gallons of soda. joetopia has an absolute advantage. d)lana can bake 10 cakes in 8 hours, while lenny can bake 4 cakes in 8 hours. lenny has an absolute advantage in making cakes. e)the country of rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of jamonia makes 1 television every 24 hours and 1 car every 12 hours. rockonya has a comparative advantage in making televisions.

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