Use the following to answer question 7:
Table: Comparative Advantage 1
Sweden and Finland produce only two goods, herring and cell phones, and this table shows the maximum amount that each nation can produce of the two good.
Sweden Finland
Herring 100,000 50,000
Cell Phones 10,000 10,000
(Table: Comparative Advantage 1) Sweden has an absolute advantage in producing:
A) Cell phones only.
B) Herring only.
C) Both cell phones and herring.
D) None of the above.
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