Scotland also produces two commodities - potatoes and sausages. Table 2 shows Scotland's Production Possibilities Schedule for the two commodities. Table 2: Scotland's Production Possibilities Schedule Scotland - Production Possibilities Schedule Potatoes (pounds per week) Sausage (pounds per week) 250 200 The opportunity cost for Scotland to produce one pound of sausage is: 4/5 pounds of potatoes. 1 1/4 pounds of potatoes 300 pounds of potatoes. D) 200 pounds of potatoes E) 250 pounds of potatoes.

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Comparative Advantage and Absolute Advantage Analysis

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