Multiple Choice
Suppose a producer can produce shoes with lower opportunity cost than boots.What else do we need to know if we want to determine this producer's comparative advantage?
A) how this producer's opportunity cost compares with other producer's opportunity cost
B) nothing, the producer has a comparative advantage in boots.
C) how many hours of work each product requires
D) nothing, the producer has a comparative advantage in shoes
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Figure 3-6<br>These figures illustrate the production possibilities
Q29: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 3-4
Q55: Figure 3-5<br>These graphs illustrate the production possibilities
Q60: Assume that Greece has a comparative advantage
Q64: Figure 3-5<br>These graphs illustrate the production possibilities
Q80: Suppose that a worker in Cornland can
Q83: Suppose a gardener produces both green beans
Q109: Suppose that a worker in Boatland can
Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q175: Figure 3-5<br>These graphs illustrate the production possibilities