Multiple Choice
-Refer to the table. Who has an absolute advantage in the production of each good?
A) Summer has an absolute advantage in sleds, and Winter has an absolute advantage in beach balls.
B) Summer has an absolute advantage in beach balls, and Winter has an absolute advantage in sleds.
C) Summer has an absolute advantage in neither good, and Winter has an absolute advantage in both goods.
D) Summer has an absolute advantage in both goods, and Winter has an absolute advantage in neither good.
Correct Answer:
Verified
Correct Answer:
Verified
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