Multiple Choice
Both Mergatroid and the Geebocks produce only gizmos and widgets. It is possible for Mergatroid to have
A) an absolute and a comparative advantage in both products.
B) an absolute but not a comparative advantage in both products.
C) neither a comparative nor an absolute advantage in both products.
D) a comparative but not an absolute advantage in both products.
Correct Answer:
Verified
Correct Answer:
Verified
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