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Table 3-3 -Refer to Table 3-3

Question 9

Multiple Choice

Table 3-3
 Hours needed to make one unit of:  Amount produced in 2400 hours:  Cars  Aeroplanes  Cars  Aeroplanes  US 401606015 Europe 501504816\begin{array}{|l|c|c|c|c|}\hline&\text { Hours needed to make one unit of: }&&\text { Amount produced in } 2400 \text { hours: }\\\hline & \text { Cars } & \text { Aeroplanes } & \text { Cars } & \text { Aeroplanes } \\\hline \text { US } & 40 & 160 & 60 & 15 \\\hline \text { Europe } & 50 & 150 & 48 & 16 \\\hline\end{array}
-Refer to Table 3-3.If the US and Europe trade according to the principle of comparative advantage, the US will export what product to Europe?


A) cars
B) both aeroplanes and cars
C) aeroplanes
D) the US should buy both products from Europe

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