Assume South Korea and Vietnam have the same amount of resources.In a given time period,South Korea can produce 100,000 jackets or 1,000,000 shirts.Vietnam can produce 200,000 jackets or 2,000,000 shirts.This means that
A)Vietnam has an absolute advantage in both jackets and shirts.
B)Vietnam has a comparative advantage in shirts.
C)South Korea has an absolute advantage in jackets.
D)South Korea has a comparative advantage in jackets.

Question

Quizplus · Accepted Answer

Vietnam can produce more jackets and more shirts than South Korea with the same amount of resources, indicating Vietnam has an absolute advantage in both products.

Assume South Korea and Vietnam Have the Same Amount of Resources.In