Multiple Choice
Figure 3-4
-Refer to Figure 3-4. What does each of the two producers have a comparative or absolute advantage in?
A) Ben has an absolute advantage in wine, and Jerry has a comparative advantage in neither good.
B) Ben has an absolute advantage in both goods, and Jerry has a comparative advantage in beer.
C) Ben has an absolute advantage in wine, and Jerry has a comparative advantage in beer.
D) Ben has an absolute advantage in beer, and Jerry has a comparative advantage in wine.
Correct Answer:

Verified
Correct Answer:
Verified
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