Multiple Choice
Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.
-Refer to Table 3-2.Aruba has a comparative advantage in the production of
A) coolers and Iceland has a comparative advantage in the production of radios.
B) radios and Iceland has a comparative advantage in the production of coolers.
C) both goods and Iceland has a comparative advantage in the production of neither good.
D) neither good and Iceland has a comparative advantage in the production of both goods.
Correct Answer:

Verified
Correct Answer:
Verified
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