The table below shows the maximum output of wheat and solar panels Country P and Country Q could produce if they used all of their resources to produce one of these goods.
| Wheat (thousand tonnes) | Solar Panels (thousand units) | |
|---|---|---|
| Country P | 3,000 | 1,500 |
| Country Q | 12,000 | 3,000 |
What can be concluded about Country P from the data?
It has an absolute advantage in the production of solar panels
It has a comparative advantage in the production of solar panels
It has a comparative advantage in the production of wheat
It has an absolute advantage in the production of both wheat and solar panels
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.