Multiple Choice
Suppose a producer requires a smaller quantity of inputs to produce carrots than to produce onions. Is this information sufficient to determine in which good the producer has a comparative advantage?
A) Yes, the producer has a comparative advantage in carrots.
B) Yes, the producer has a comparative advantage in onions.
C) No, because information about the costs of inputs is missing.
D) No, because information about other producers is missing.
Correct Answer:

Verified
Correct Answer:
Verified
Q188: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q189: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q190: Suppose that a worker in Radioland can
Q191: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q192: Figure 3-5<br>These graphs illustrate the production possibilities
Q194: Why does total output in an economy
Q195: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the
Q196: What is David Ricardo known for?<br>A) He
Q197: What is trade based on?<br>A) absolute advantage<br>B)
Q198: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table