Question

Using this data, determine which of the statements is correct. A) Germany has an absolute advantage in both drill and computer production. B) The U. S. Has an absolute advantage in both drill and computer production. C) Germany has an comparative advantage in both drill and computer production. D) The U. S. Has an absolute advantage in drill production and Germany has an absolute advantage in computer production.

Answer 1

B) The U.S Has an absolute advantage in both drill and computer production. This is the correct statement.

Over the five years leading up to 2022, aggressive competition in the increasingly standardized Computer Manufacturing industry has led to revenue volatility and product price decreases. In order to compete with foreign manufacturers and benefit from cheaper labor and production costs, several industry operators have relocated manufacturing abroad. Despite having its headquarters in the US, Apple. .

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