Multiple Choice
Suppose China can produce 200 TVs or 200 DVD players.South Korea can produce either 100 TVs or 200 DVD players.In terms of TV production we can conclude that
A) China has an absolute advantage.
B) South Korea has an absolute advantage.
C) China has a comparative advantage.
D) South Korea has a comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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