Suppose Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a week, while Germany can produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a week. Which of the following conclusions is likely to be made?
a. Canada has a comparative advantage in the production of hockey sticks.
b. Germany has a comparative advantage in the production of hockey sticks.
c
Canada has an absolute advantage in the production of maple syrup.
d. Germany has an absolute advantage in the production of maple syrup.
a
Economics
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a. True b. False
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