The Table below shows the amount of labor hours needed to produce cars and airplanes by Japan and Korea. Assume that each country has 2400 hours of labor available. Japan has an absolute advantage in the production of: Table Labor Hours Needed to Make 1 Japan Korea Car 30 50 Airplane 150 150 O cars and a comparative advantage in the production of cars. cars and a comparative advantage in the production of airplanes. neither good and a comparative advantage in the production of cars. O neither good and a comparative advantage in the production of airplanes

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A: Comparative advantage, when country can produce a good with least opportunity cost than than others.

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A:

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Q: Solve the attahment.

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Comparative Advantage and Absolute Advantage Analysis

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