The table below shows the production of cell phones and tablets by both China and U.S. Which country has the absolute advantage in producing cell phones and which country has the comparative advantage in producing Tablets? Cell PhonesTabletsChina108United States610Group of answer choicesChina, ChinaChina, U.S.U.S., ChinaU.S., U.S.

A country has an absolute advantage in the production of a product when it:Select one:a.Has access to the raw materials needed to produce the product.b.Has the capability to produce the product within its boundaries.c.Has the largest domestic demand for the product.d.Is more efficient than any other country in producing it.Clear my choice

According to the “Why iPhones are made in China” video, Apple did not elect to assemble the iPhone in the US (and still does not) because:Group of answer choicesof the large number of phones being produced.Chinese factories were more able than US factories to update products produced annually.production costs in China are less expensive.all of the above.

The theory of comparative advantage demonstrates that even if a country is less efficient than another in producing all goods, it can still benefit from trade by specializing in the production of the good in which it has:  A. The highest absolute advantage  B. The lowest opportunity cost  C. The highest total production  D. The lowest absolute cost

Suppose that a Canadian worker can produce 50 cell phones or 5 televisions in a typical workweek, while a Japanese worker can produce 45 cell phones or 5 televisions in a typical workweek. What can we conclude from these numbers?Multiple choice question.Canada has a comparative advantage in the production of cell phones.Canada has an absolute advantage in the production of televisions.Japan has an absolute advantage in the production of televisions.Japan has a comparative advantage in the production of cell phones.

Economic theory suggest which of the following is true regarding comparative advantage and absolute advantage?Question 9Select one:a.when a country has an absolute advantage in producing two goods, it will also have a comparative advantage in producing those goods.b.a country gains economically if it concentrates its efforts in those economic activities where it has the greatest advantage or the least disadvantage, and then trades with other countries for those goods it doesn’t.c.a country with an absolute advantage in producing all goods will be better off by producing all goods in equal quantity.d.comparative advantage has nothing to do with determining what a country should produce.e.comparative and absolute advantage mean the same thing in international trade.