Multiple Choice
Table 3-2
-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:

Verified
Correct Answer:
Verified
Q121: Differences in opportunity cost and comparative advantage
Q122: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q123: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q124: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q125: Economists' support of trade restrictions is still
Q127: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q128: If one country can produce all goods
Q129: A person is able to obtain goods
Q130: Jean grows rice at a higher cost
Q131: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2