Multiple Choice
Suppose Jack and Tucker can both produce two goods: toy cars and dinosaur figures. Which of the following is not possible?
A) Jim has an absolute advantage in the production of toy cars and in the production of dinosaur figures.
B) Jim has an absolute advantage in the production of toy cars and a comparative advantage in the production of dinosaur figures.
C) Jim has an absolute advantage in the production of dinosaur figures and a comparative advantage in the production of toy cars.
D) Jim has a comparative advantage in the production of toy cars and in the production of dinosaur figures.
Correct Answer:
Verified
Correct Answer:
Verified
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