The table below shows the maximum output of soybeans and microchips Country A and Country B could produce if they used all of their resources to produce one of these goods.
| Soybeans (tonnes) | Microchips (units) | |
|---|---|---|
| Country A | 2,000 | 800 |
| Country B | 6,000 | 1,200 |
What can be concluded about Country A from the data?
It has an absolute advantage in the production of soybeans and microchips
It has an absolute advantage in the production of microchips
It has a comparative advantage in the production of soybeans
It has a comparative advantage in the production of microchips
35 exam-style questions on OCR A Level Economics Specialisation and trade. Each one has a worked solution and a mark scheme showing where the marks go.