Question
In Country $\mathrm{A},$ a worker can make 5 bicycles per hour. In Country $B$, a worker can make 7 bicycles per hour. Which country has an absolute advantage in making bicycles? $L O 38.2.$a. Country A.b. Country B.
Step 1
Step 1: Define absolute advantage: Absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources. Show more…
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