The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>
a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
brainly.com/question/2601596
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The answer to this is probably their ability to absorb heat. Oceans are great at absorbing heat from the sun and storing it. If they were bad at it, the heat would be trapped due to the greenhouse effect and the climate would become scorching hot. This way, oceans absorb large amounts of heat and effectively reduce the overall temperature of the world.
Maritime transportation became less important to developed countries
in the 1950s, planes became a more popular mode of transportation, so traveling by sea was not as popular to developed countries