Suppose that Switzerland can produce either 18 tons of chocolate or 9 tons of biscuit on a year while Norway can produce either 16 tons of chocolate or 4 tons of biscuits in a year. Which country has the absolute advantage
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Expert's answer
2021-10-17T16:49:36-0400
Absolute advantage means the uncontested superiority of a person, a business or a country to produce a particular good better.
Switzerland has absolute advantage since it produces more tons of chocolate and biscuits than Norway.
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