The following table shows the units of output a worker can produce per month in Australia and Korea. Use this table to answer question

Question

Korea should
a. specialize in food production, export food, and import electronics.
b. specialize in electronics production, export electronics, and import food.
c. produce both goods because neither country has a comparative advantage.
d. produce neither good because it has an absolute disadvantage in the production of both goods.

Answer 1

To determine which option is correct, we need to analyze the production capabilities of workers in Australia and Korea based on the units of output for each good.

If you could provide the specific data from the table regarding the number of units produced by workers in Australia and Korea for both food and electronics, I can help you analyze it to answer the question accurately.

Please provide that information so we can proceed!