Solved

Figure 3-5 These Graphs Illustrate the Production Possibilities Available for Dancing Shoes

Question 70

Multiple Choice

Figure 3-5
These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour. Figure 3-5 These graphs illustrate the production possibilities available for dancing shoes to Fred and Ginger with 40 hours of labour.   -Refer to Figure 3-5. Who has a comparative advantage in each good? A)  Ginger has a comparative advantage in tap shoes, and Fred has a comparative advantage in ballet slippers. B)  Ginger has a comparative advantage in both goods, and Fred has a comparative advantage in neither good. C)  Ginger has a comparative advantage in ballet slippers, and Fred has a comparative advantage in tap shoes. D)  Ginger has a comparative advantage in neither good, and Fred has a comparative advantage in both goods.
-Refer to Figure 3-5. Who has a comparative advantage in each good?


A) Ginger has a comparative advantage in tap shoes, and Fred has a comparative advantage in ballet slippers.
B) Ginger has a comparative advantage in both goods, and Fred has a comparative advantage in neither good.
C) Ginger has a comparative advantage in ballet slippers, and Fred has a comparative advantage in tap shoes.
D) Ginger has a comparative advantage in neither good, and Fred has a comparative advantage in both goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions