According to table 12 which country has an absolute advantag

According to table 1.2, which country has an absolute advantage in the production of cruise ships? wered of 1.00 stion Worker units required in each area to produce the following number of ships and barrels of crude oil in one year. cruise ships 2 United States Select one: a. Norway O b. the United States O c. neither the United States nor Norway O d. more information is needed page

Solution

Answer.) c.) neither the United States nor Norway

Absolute advantage depends upon the absolute value of production of goods. Since both The US and Norway are producing same quantity of cruise ship regardless of opportunity cost of producing it, no country has absolute advantage in production of cruise ships.