questions

Referring to Table 1, what can be concluded about Spain’s absolute and comparative advantage for both boats and trucks?

Table 1

Maximum Output

Spain Portugal

Boats 3 2

Trucks 12 6

Referring to Table 2: (Answer the 3 questions below)

a) Who has absolute advantage in what good?

b) Italy has comparative advantage in what good?

c) Greece has comparative advantage in what good?

Table 2

Maximum Output

Wine Tables

Italy 1,000 200

Greece 200 100