Multiple Choice
Suppose Russia can produce either 600 pianos or 400 HDTVs,and Italy can produce either 300 pianos or 150 HDTVs.Implicitly,Russia has
A) Both an absolute and a comparative advantage in HDTVs.
B) A comparative but not necessarily an absolute advantage in HDTVs.
C) An absolute but not necessarily a comparative advantage in HDTVs.
D) Neither a comparative nor an absolute advantage in HDTVs.
Correct Answer:

Verified
Correct Answer:
Verified
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