[SOLVED] Help in discussion questions – Each discussion question must be a 100-150 words
Im stuck on a Business question and need an explanation.
Discussion Question 1
If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labor, would it necessarily follow that the United States should specialize in television production? Why or why not?
Discussion Question 2
Discuss the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns? Justify your answer.