one july, the united states sold aircraft worth $1 billion to china and bought aircraft worth only $19,000 from China. During the same month, however, the United States bought $83 million worth of men’s trousers, slacks, and jeans from China but sold only $8,000 worth of trousers, slacks, and jeans to China. which Country has the absolute advantage in aircraft production? in production of trousers, slacks and jeans?
a. china has the absolute advantage in aircraft production? in production of trousers, slacks, and jeans production
b. we cannot determine from these data which country has an absolute advantage in either of these goods
c. since production costs are lower in China due to the wage discrepancy, it has absolute advantage in the production of all of these goods
d. the united states has the absolute advantage in aircraft production and china has it in trousers, slacks, and jeans production