Multiple Choice
-Refer to Table 3-5. Which country has an absolute advantage in each product?
A) Canada has an absolute advantage in airplanes, and Japan has an absolute advantage in cars.
B) Canada has an absolute advantage in neither good, and Japan has an absolute advantage in both goods.
C) Canada has an absolute advantage in cars, and Japan has an absolute advantage in airplanes.
D) Canada has an absolute advantage in neither good, and Japan has an absolute advantage in cars.
Correct Answer:
Verified
Correct Answer:
Verified
Q94: The only two countries in the world,
Q95: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q96: Figure 3-3<br>Ice cream and cones are measured
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q98: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q100: Both Canada and the U.S. can produce
Q101: Antonio and Elyse are two woodworkers who
Q102: How is absolute advantage found?<br>A) by comparing
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q104: Figure 3-5<br>These graphs illustrate the production possibilities