Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

The table shows the factor inputs needed to produce wheat and cars in countries X and Y. Units of factor inputs needed to produce one tonne of wheat: country X 4, country Y 8. Units of factor inputs needed to produce one car: country X 2, country Y 6. What enables both countries to gain from trade?

  • ACountry X has an absolute advantage in wheat and car production.
  • BCountry Y has an absolute advantage in wheat and car production.
  • CCountry Y has a comparative advantage in wheat production.
  • DOpportunity cost of wheat and car production is the same between countries.

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