Scenario: Norway and Sweden Each Produce Cloudberries (CB) and Salted

Scenario: Norway and Sweden each produce cloudberries (CB) and salted cod (SC) . Their production possibilities curves for these two goods are shown below.

Production Possibilities: Norway and Sweden (thousands of kilos)

Opportunity Costs: Norway and Sweden

-Refer to the scenario above.________ has the absolute advantage in producing cloudberries,while ________ has the absolute advantage in producing salted cod.

A) Norway; Norway
B) Norway; Sweden
C) Sweden; Norway
D) Sweden; Sweden

Correct Answer:

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