Multiple Choice
Table 3-3
-According to Table 3-3:
A) the US has an absolute advantage in aeroplanes, and Europe has an absolute advantage in cars
B) the US has an absolute advantage in neither goods, and Europe has an absolute advantage in both goods
C) the US has an absolute advantage in cars, and Europe has an absolute advantage in aeroplanes
D) the US has an absolute advantage in neither goods, and Europe has an absolute advantage in cars
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Table 3-2<br> <span class="ql-formula" data-value="\begin{array}{|c|c|c|c|c|}\hline&\text
Q23: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q24: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q25: If two countries have identical opportunity costs,
Q28: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q29: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q30: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q31: Trade is based on:<br>A)absolute advantage<br>B)comparative advantage<br>C)trade subsidies<br>D)international
Q77: For a country producing two goods, the
Q82: Explain the difference between absolute advantage and