Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these numbers, we can conclude
A. the U.S. has a comparative advantage in the production of cars.
B. France has a comparative advantage in the production of wine.
C. the U.S. has a absolute advantage in the production of wine.
D. all of the above are conclusions are correct.
D. all of the above are conclusions are correct.
the U.S. has a comparative advantage in the production of cars, France has a comparative advantage in the production of wine, and the U.S. has a absolute advantage in the production of wine.
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