Please view explanation and answer below.Hi. I hope I helped you with this. Thank you very much. Until next time. 😇 🙏
Please download and use the above linked template/worksheet for this assignment. (Make sure you download and
SAVE the template first to change from ‘read only’ into ‘edit’ so that once you type your answers on to it, they will be
saved) Also, please first watch this short 4-minute YouTube welcome video – it will help a great deal with this
commonly misunderstood assignment.
https://youtu.be/lvkuWx_DgB8
Leave the template ‘as is’ – you will not change the generic names of countries A and B. Listing specific country
names like South Africa or Romania is a clear indication of not reading the instructions or watching the above linked
video. Please take the time to use these resources are this ia very commonly misunderstood assignment. If you
need any additional help. Please call.
Absolute advantage – deals with who is the most efficient, meaning who is the fastest, who has the lowest number
of worker hours. So, you simply look at who has the lowest number in each column. That country would have the
absolute advantage for that product.
Comparative advantage – deals with who has the lowest opportunity cost to produce one product instead of another.
In order to determine this, you must first do the math to find out the data for the ‘additional worker hours’ column.
Once you have those numbers, you simply look at who has the lowest number, and w…
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