Solved

Table 3-2 -According to Table 3-2:
A)Lee Has an Absolute Advantage in unit

Question 126

Multiple Choice

Table 3-2
 Labour hours needed to produce one unit of:  Amount produced in 60 hours:  Butter (kg)   Butter (kg  Rice (kg)   Rice (kg)   Lee 610154 John 320154\begin{array}{|c|c|c|c|c|}\hline&\text { Labour hours needed to produce one unit of: }&&\text { Amount produced in } 60 \text { hours: }\\\hline & \text { Butter (kg) } & \text { Butter (kg } & \text { Rice (kg) } & \text { Rice (kg) } \\\hline \text { Lee } & 6 & 10 & 15 & 4 \\\hline \text { John } & 3 & 20 & 15 & 4\\\hline\end{array}
-According to Table 3-2:


A) Lee has an absolute advantage in neither goods, and John has an absolute advantage in both goods
B) Lee has an absolute advantage in neither goods, and John has an absolute advantage in butter
C) Lee has an absolute advantage in rice, and John has an absolute advantage in butter
D) Lee has an absolute advantage in rice, and John has an absolute advantage in both goods

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions