In Germany it takes three workers to make one television and four workers to make one video camera. In Poland it takes six workers to make one television and 12 workers to make one video camera. 2.calculate the opportunity cost of producing one additional television set in Germany and in Poland .Which country has a comparative advantage in the production of television? 3.calculate the opportunity cost of reducing one video camera in Germany and in Poland.which country has a comparative advantage in the production of video cameras?

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Comparative Advantage and Absolute Advantage Analysis

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