Multiple Choice
Figure 3-24
The production possibilities frontiers below show how much Bob and Betty can each produce in 8 hours of time.
-Refer to Figure 3-24.Bob has
A) an absolute and comparative advantage producing good x.
B) an absolute but not a comparative advantage producing good x.
C) a comparative but not an absolute advantage producing good x.
D) neither a comparative nor an absolute advantage producing good x.
Correct Answer:
Verified
Correct Answer:
Verified
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