Multiple Choice
Both Dave and Caroline produce sweaters and socks.If Dave's opportunity cost of 1 sweater is 3 socks and Caroline's opportunity cost of 1 sweater is 5 socks,then
A) Dave has a comparative advantage in the production of sweaters.
B) Caroline has a comparative advantage in the production of sweaters.
C) Dave has a comparative advantage in the production of socks.
D) Dave has a comparative advantage in the production of both sweaters and socks.
Correct Answer:
Verified
Correct Answer:
Verified
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