Multiple Choice
Table 3-3
-Refer to Table 3-3.What does each of the two producers have an absolute advantage in
A) Kevin has an absolute advantage in blankets, and Amy has an absolute advantage in sweaters.
B) Kevin has an absolute advantage in sweaters, and Amy has an absolute advantage in blankets.
C) Kevin has an absolute advantage in neither good, and Amy has an absolute advantage in both goods.
D) Kevin has an absolute advantage in both goods, and Amy has an absolute advantage in neither good.
Correct Answer:
Verified
Correct Answer:
Verified
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