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 an absolute advantage in coconuts, and Friday has a comparative advantage in fish
B) Robinson Crusoe has an absolute advantage in both goods, and Friday has a comparative advantage in coconuts
C) Robinson Crusoe has an absolute advantage in fish, and Friday has a comparative advantage in coconuts
D) Robinson Crusoe has an absolute advantage in neither goods, and Friday has a comparative advantage in fish
Correct Answer:
Verified
Correct Answer:
Verified
Q76: Which is more important in determining trade
Q77: Table 3-2<br> <span class="ql-formula" data-value="\begin{array}{|c|c|c|c|c|}\hline&\text
Q78: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q79: Exports arise because:<br>A)the importing country has a
Q80: Shaquille can score 32 points or produce
Q82: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q83: Comparative advantage will always occur when two
Q84: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q85: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q86: When parties specialise in the production of