the table compares two countries and two products. what might be the best decision for country a? focus both…

the table compares two countries and two products. what might be the best decision for country a? focus both on its petroleum and seafood industries focus on the seafood industry only focus on the petroleum industry only decide to find another industry to focus on\n\n| country | cost (units) | production choices | |---|---|---|---| | | | petroleum (units) | seafood (units) | | country a | 1 | 16 | 8 | | country b | 1 | 8 | 8 |

the table compares two countries and two products. what might be the best decision for country a? focus both on its petroleum and seafood industries focus on the seafood industry only focus on the petroleum industry only decide to find another industry to focus on\n\n| country | cost (units) | production choices | |---|---|---|---| | | | petroleum (units) | seafood (units) | | country a | 1 | 16 | 8 | | country b | 1 | 8 | 8 |

Answer

Brief Explanations:

To make the best - decision, we consider the concept of comparative advantage. For Country A, with a cost of 1 unit, it can produce 16 units of petroleum while Country B can produce only 8 units with the same cost. For seafood, both countries can produce 8 units with a cost of 1 unit. Country A has a comparative advantage in the petroleum industry. So, it should focus on the industry where it has an edge.

Answer:

focus on the petroleum industry only