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Table 2-16 Table 2-16 Shows the Number of Labor Hours

Question 242

Multiple Choice

Table 2-16
Table 2-16 Table 2-16 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland. -Refer to Table 2-16. Does either Estonia or Finland have an absolute advantage and if so, in what product? A) Finland has an absolute advantage in lumber. B) Estonia has an absolute advantage in lumber. C) Finland has an absolute advantage in both products. D) Estonia has an absolute advantage in cell phones. Table 2-16 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-16. Does either Estonia or Finland have an absolute advantage and if so, in what product?


A) Finland has an absolute advantage in lumber.
B) Estonia has an absolute advantage in lumber.
C) Finland has an absolute advantage in both products.
D) Estonia has an absolute advantage in cell phones.

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