question 21 4 pts morgan decides to purchase a hyundai from south korea instead of the u.s.-produced ford…

question 21 4 pts morgan decides to purchase a hyundai from south korea instead of the u.s.-produced ford because of the vehicles lower price. this illustrates the comparative advantage of the u.s. in producing hyundai vehicles. comparative advantage of south korea in producing ford vehicles. absolute advantage of south korea in producing ford vehicles. absolute advantage of south korea in producing hyundai vehicles.

question 21 4 pts morgan decides to purchase a hyundai from south korea instead of the u.s.-produced ford because of the vehicles lower price. this illustrates the comparative advantage of the u.s. in producing hyundai vehicles. comparative advantage of south korea in producing ford vehicles. absolute advantage of south korea in producing ford vehicles. absolute advantage of south korea in producing hyundai vehicles.

Answer

Brief Explanations:

The fact that South - Korea can produce Hyundai vehicles at a lower price than the U.S. can produce its Ford vehicles indicates that South Korea has an absolute advantage in producing Hyundai vehicles. Absolute advantage means a country can produce a good or service using fewer resources than another country. Here, the lower price suggests more efficient production in South Korea for Hyundai.

Answer:

absolute advantage of South Korea in producing Hyundai vehicles.