Question: This question is based on the table below. Suppose countries A and B both produce boats and cars. They can produce the following number of

This question is based on the table below.
Suppose countries A and B both produce boats and cars. They can produce the following number of boats and cars in a week if they utilise all their resources:
\table[[,Cars,Boats],[Country A,15,10],[Country B,18,15]]
Which of the following options is/are correct?
(1) Country A has a comparative advantage in producing cars.
(2) Country B has a comparative advantage in producing boats.
(3) Country A has an absolute advantage in producing boats.
(4) Country B has an absolute advantage in producing cars.
Select one:
a. only 1 and 2 are correct
b. only 3 and 4 are correct
c. only 1,2 and 3 are correct
d. only 1,2 and 4 are correct
e.1,2,3 and 4 are all correct
 This question is based on the table below. Suppose countries A

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