Multiple Choice
Reference: Ref 2-1 (Table: iPhone and iPod Production) According to the table on iPhone and iPod Production, which of the following is TRUE about Canadian and U.S. comparative advantages?
A) Canada has a comparative advantage in producing both iPhones and iPods.
B) The United States has a comparative advantage in producing both iPhones and iPods.
C) Canada has a comparative advantage in producing iPhones, and the United States has a comparative advantage in producing iPods.
D) Canada has a comparative advantage in producing iPods, and the United States has a comparative advantage in producing iPhones.
Correct Answer:
Verified
Correct Answer:
Verified
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