Multiple Choice
SCENARIO: United States Versus United Kingdom
In the United States, one worker can produce 10 tons of steel per day or
20 tons of chemicals per day.In the United Kingdom, one worker can
Produce 5 tons of steel per day or 15 tons of chemicals per day.
Reference: Ref 211
(Scenario: United States Versus United Kingdom) The United Kingdom
Has the absolute advantage in the production of:
A) steel.
B) chemicals.
C) The United Kingdom has the absolute advantage in neither steel nor chemicals.
D) The United Kingdom has the absolute advantage in both steel and chemicals.
Correct Answer:
Verified
Correct Answer:
Verified
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