Multiple Choice
-Refer to Table 3-3. What does each of the two producers have a comparative or absolute advantage in?
A) Maria has an absolute advantage in coats, and Courtney has a comparative advantage in sweaters.
B) Maria has an absolute advantage in both goods, and Courtney has a comparative advantage in coats.
C) Maria has an absolute advantage in sweaters, and Courtney has a comparative advantage in sweaters.
D) Maria has an absolute advantage in neither good, and Courtney has a comparative advantage in sweaters.
Correct Answer:
Verified
Correct Answer:
Verified
Q178: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q179: Suppose that a worker in Boatland can
Q180: Figure 3-5<br>These graphs illustrate the production possibilities
Q181: Suppose a gardener produces both green beans
Q182: What does comparative advantage reflect?<br>A) productivity<br>B) relative
Q184: Explain the difference between absolute advantage and
Q185: Figure 3-6<br>These figures illustrate the production possibilities
Q186: For two people who are planning to
Q187: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q188: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2