Multiple Choice
-Refer to Table 3-6. Which country has an absolute or comparative advantage in each product?
A) Denmark has an absolute advantage in bread, and Italy has a comparative advantage in bread.
B) Denmark has an absolute advantage in bread, and Italy has a comparative advantage in neither good.
C) Denmark has an absolute advantage in cheese, and Italy has a comparative advantage in both goods.
D) Denmark has an absolute advantage in both goods, and Italy has a comparative advantage in cheese.
Correct Answer:
Verified
Correct Answer:
Verified
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