Multiple Choice
Figure 3-10
Alice and Betty's Production Possibilities in one 8-hour day.
-Refer to Figure 3-10.Which of the following statements is correct regarding comparative advantage?
A) Alice has a comparative advantage in the production of both lemonade and pizzas.
B) Betty has a comparative advantage in the production of both lemonade and pizzas.
C) Alice has a comparative advantage in the production of pizzas while Betty has a comparative advantage in the production of lemonade.
D) Alice has a comparative advantage in the production of lemonade while Betty has a comparative advantage in the production of pizzas.
Correct Answer:
Verified
Correct Answer:
Verified
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