Has the absolute advantage in cars Has the absolute advantage in beef 1. Ted Has a comparative advantage in cars 2. Nancy

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A: Hi Student, Thanks or posting the question. As per the guideline, we are providing answer for the…

Q: has an absolute advantage in the production of barley, and has an absolute advantage in the…

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

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A: The information given can be represented as below:

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.