Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
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Refer to table 1. Which of the following statements about absolute advantage is true?
A) Australia has an absolute advantage in the production of food while Korea has an absolute advantage in the production of electronics.
B) Korea has an absolute advantage in the production of food while Australia has an absolute advantage in the production of electronics.
C) Australia has an absolute advantage in the production of both food and electronics.
D) Korea has an absolute advantage in the production of both food and electronics.
Correct Answer:
Verified
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