Who has absolute advantage in each product

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Reference no: EM13184169

Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities.

Usa: Meats 2lbs Potatoes 4lbs

Russia: Meats 5lbs Potatoes 20lbs

Who has absolute advantage in each product?
Who has comparative advantage in each product?
What does each country export?

Reference no: EM13184169

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