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If nation A can produce 5 units of good X or 10 units of good Y and nation B can produce 4 units of good X or 12 units of good Y we can conclude that nation A has a Comparative advantage in X and

18. If nation A can produce 5 units of good X or 10 units of good Y and nation B can produce 4 units of good X or 12 units of good Y we can conclude that nation A has a

  1. Comparative advantage in X and an absolute advantage in Y
  2. Comparative advantage in X and an absolute advantage in X
  3. Comparative advantage in Y and an absolute advantage in X
  4. Comparative advantage in Y and an absolute advantage in Y 

Apr 06 2021 View more View Less

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