Multiple Choice
Scenario: A shoe manufacturer has factories in two countries, Country X and Country Y. Shoe manufacturing involves two main tasks-designing the shoe and stitching it. The value added per hour in each activity by workers in the two countries is shown in the table below.
-Refer to the scenario above.Identify the correct statement.
A) Country Y has an absolute advantage in designing shoes.
B) Country X has a comparative advantage in stitching shoes.
C) Country X has a comparative advantage in designing shoes.
D) Country Y has an absolute advantage in stitching shoes.
Correct Answer:
Verified
Correct Answer:
Verified
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