Using the data presented in the table below answer the followings: a) which country has comparative advantage in the production of apples, oranges? Explain and show work. b) which country has an absolute advantage in the production of apples, oranges? Explain. c) Which country should specialize in the production of apples, oranges? Explain why.

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Comparative Advantage and Absolute Advantage Analysis

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