Multiple Choice
Table 2.8
Table 2.8 shows the number of labour hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2.8. Does either Ireland or Scotland have an absolute advantage and if so, in what product?
A) Scotland only has an absolute advantage in guitars.
B) Ireland only has an absolute advantage in guitars.
C) Scotland has an absolute advantage in both products.
D) Ireland only has an absolute advantage in motorcycles.
Correct Answer:

Verified
Correct Answer:
Verified
Q86: As women's wages have risen relative to
Q106: Consider the following items:<br>A.the album '21' by
Q107: a.Draw a production possibility frontier for a
Q108: Figure 2.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.2
Q109: In a production possibility frontier model, a
Q111: Table 2.10<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.10
Q112: An inward shift of a nation's production
Q113: Stella can produce either a combination of
Q114: Figure 2.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.6
Q115: Specialising in the production of a good