Multiple Choice
Suppose that with 1 unit of labor, Canada can produce 40 TVs or 20 computers.With 1 unit of labor, Taiwan can produce 30 TVs or 10 computers.Which of the following is correct?
A) Taiwan has a comparative advantage in the production of computers.
B) Canada has an absolute advantage in the production of neither good.
C) Canada has a comparative advantage in the production of computers.
D) Taiwan has an absolute advantage in the production of computers.
E) Taiwan has an absolute advantage in the production of TVs.
Correct Answer:
Verified
Correct Answer:
Verified
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