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If Canada spends 20 hours producing a refrigerator and 10 hours producing a stove, and France spends 12 hours producing a refrigerator and 5 hours producing a stove, which of the following are true? Select the correct answer below:     Canada has an absolute advantage in producing refrigerators   Canada has absolute advantage in producing stoves   Canada has absolute advantage in producing both goods   France has absolute advantage in producing both goods

Business Mar 31, 2023

If Canada spends 20 hours producing a refrigerator and 10 hours producing a stove, and France spends 12 hours producing a refrigerator and 5 hours producing a stove, which of the following are true?

Select the correct answer below:

 

 

Canada has an absolute advantage in producing refrigerators

 

Canada has absolute advantage in producing stoves

 

Canada has absolute advantage in producing both goods

 

France has absolute advantage in producing both goods

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