Multiple Choice
Graph 3-1
These figures illustrate the production possibilities frontiers for Robinson Crusoe and Friday with 12 hours of labour.
-According to Graph 3-1:
A) Robinson Crusoe has a comparative advantage in fish, and Friday has an absolute advantage in both goods
B) Robinson Crusoe has a comparative advantage in fish, and Friday has an absolute advantage in coconuts
C) Robinson Crusoe has a comparative advantage in fish, and Friday has an absolute advantage in neither goods
D) Robinson Crusoe has a comparative advantage in coconuts, and Friday has an absolute advantage in fish
Correct Answer:
Verified
Correct Answer:
Verified
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