Question

Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trade?

Select one:
a. Each country has an absolute advantage in one activity.
b. No country has an absolute advantage in all activities.
c. One country has a comparative advantage in all activities.
d. One country has an absolute advantage in all activities.

Answer 1

B. because no one country has a distinct advantage over the others