Multiple Choice
The following figure shows the production possibilities curves (PPCs) of two individuals, Ryan and Tom.
-Refer to the figure above.Which of the following statements is true?
A) Tom has an absolute disadvantage in the production of Good 1, whereas Ryan has an absolute disadvantage in the production of Good 2.
B) Ryan has an absolute disadvantage in the production of Good 1, whereas Tom has an absolute disadvantage in the production of Good 2.
C) Tom can produce fewer of both goods given the same amount of resources as Ryan.
D) Ryan can produce fewer of both goods given the same amount of resources as Tom.
Correct Answer:
Verified
Correct Answer:
Verified
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