Multiple Choice
Figure 16-6
-According to Figure 16-6,all of the following statements are correct except
A) Chile has the absolute advantage in the production of bicycles
B) Chile has the comparative advantage in the production of bicycles
C) India has the comparative advantage in the production of bicycles
D) India has the absolute advantage in the production of wagons
E) India has the comparative advantage in the production of wagons
Correct Answer:
Verified
Correct Answer:
Verified
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