Multiple Choice
-Refer to the table. Who has a comparative advantage in the production of each good?
A) Summer has a comparative advantage in beach balls, and Winter has a comparative advantage in sleds.
B) Summer has a comparative advantage in sleds, and Winter has a comparative advantage in beach balls.
C) Summer has a comparative advantage in neither good, and Winter has a comparative advantage in both goods.
D) Summer has a comparative advantage in both goods, and Winter has a comparative advantage in neither good.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q7: Suppose it takes a Chinese worker 2
Q8: Figure 3-3<br>Ice cream and cones are measured
Q9: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q11: Suppose labour in Belize is less productive
Q12: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q13: Which of the following could benefit Canada?<br>A)
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q91: Differences in opportunity cost allow for gains