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Use the table below to answer the following questions. Great Britain Australia Lumber Plastic Lumber Plastic 2800 700 2500 50
(en_us) Le veek 2 DISCUSSIOTT TOTUITT Listed below are several topics I would like for each of you to discuss throughout the
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Answer #1

A country has an absolute advantage in a commodity when it can produce more of it as compared to the other countries, with the same resources the other countries are using. In this case, Great Britain has the absolute advantage in Lumber. This is because it can produce 2800 units of it whereas australia can only produce 2500 units of it. We are assuming here that both the countries are using the same resources.

(I have answered the first question only as HOMEWORKLIB guidelines.)

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