If Country A can produce $20$ cars in a day and Country B can produce $12$ cars in a day using the same resources, which country has absolute advantage in car production?
Question 3
Which statement best describes the difference between absolute advantage and comparative advantage?
Question 4
A worker in Country X can make $8$ chairs per hour, while a worker in Country Y can make $5$ chairs per hour. Which conclusion is correct?
Question 5
Why is absolute advantage useful in understanding international trade?
