Business, 18.02.2020 18:02 leleee10

When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Maldonia and Sylvania.
Both countries produce potatoes and tea, each initially (i. e., before specialization and trade) producing 18 million pounds of potatoes and 9 million pounds of tea, as indicated by the grey stars marked with the letter A.

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