If one producer has the absolute advantage in the production of all goods,then...?

Question

..that same producer will have the comparative advantage in the production of all goods as well? AND
If a country has the comparative advantage in producing a product, then that country must also have the absolute advantage in producing that product?

Answer 1

If your talking heroin . . . . Yes

Answer 2

As long as the slopes of the PPC's of two countries are different, than each country will have a comparative advantage over the other country in one of the two goods being produced. The country that has a lower opportunity cost in producing a good will have the comparative advantage.

Answer 3

You're speaking, of course, of China.



China will be smashed.



Obama is making his feeble attempts now. The EU is making a more credible effort.



But by the time Obama has finished failing at everything he attemtps, the population of the USA will be clamoring for a tairff war with China.



And we will get a strong leader to replace Obama, and this is exactly what will happen.



Then the USA will regain its rightful place as the economic superpower of the world, as we were for 100 years until Jimmy Carter wrecked the economy.