The following table shows the units of steel and personal computers a worker can produce per month in Germany and South Korea. Use this table to answer the question.
Tons of steelPersonal Computers (PC)
Germany4010
South Korea168
Which of the following statements about absolute advantage are true?
a. Neither country has an absolute advantage in the production of either good.
b. South Korea has an absolute advantage in the production of steel while Germany has an absolute advantage in the production of PCs.
c. Germany has an absolute advantage in the production of steel while South Korea has an absolute advantage in the production of PCs.
d. South Korea has an absolute advantage in the production of both steel and PCs.
e. Germany has an absolute advantage in the production of both steel and PCs.
Answers: 3
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The following table shows the units of steel and personal computers a worker can produce per month i...
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