Two countries produce coal and iron. Country A can produce a maximum of 500 tons of coal per day or 250 tons of iron. Country B can produce a maximum of 900 tons of coal per day or 300 tons of iron. Which statement best describes this situation?
A. Country A has an absolute advantage producing iron.
B. Country A has an absolute advantage producing coal.
C. Country B has a comparative advantage producing coal.
D. Country B has a comparative advantage producing iron.
Answers: 1
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