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Assume that by devoting all of its resources to the production of steel, France can produce...

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Economics

Assume that by devoting all of its resources to the production of steel, France can produce 40,000 tons of steel, and that by devoting all of its resources to TV sets, France can produce 600,000 TV sets. Similarly, by devoting all of its resources to the production of either steel or TV sets, Japan can produce either 20,000 tons of steel or 100,000 TV sets. In this example, France has   advantage in the production of steel and TV sets and   advantage in the production of TV sets.

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