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Q. |
Given below is a table whowing the maximum amount of wheat and cloth that the U K and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80 |
A. | us have comparative advantage in cloth and u k have comparative advantage in wheat |
B. | u k have comparative advantage in cloth and us have comparative advantage in wheat |
C. | us have comparative advantage in cloth and wheat |
D. | uk have comparative advantage in cloth wheat |
Answer» A. us have comparative advantage in cloth and u k have comparative advantage in wheat |
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