Ted
Nancy
Fish
60
45
Cheese
25
40
1) Which person has the...
Ted
Nancy
Fish
60
45
Cheese
25
40
1) Which person has the absolute advantage in the production of fish?
2) Which person had the absolute advantage in the production of cheese?
3) Which person has the comparative advantage in Fish?
4) Which person has the comparative advantage in Cheese?
5) What should Ted specialize in? What should Nancy specialize in?
Answers: 2
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