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Table 2-8 Table 2-8 Shows the Number of Labor Hours Required to of Labor

Question 73

Multiple Choice

Table 2-8
Table 2-8 Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea. -Refer to Table 2-8.Does either China or South Korea have an absolute advantage and if so, in what product? A) South Korea only has an absolute advantage in wheat. B) China only has an absolute advantage in wheat. C) South Korea has an absolute advantage in both products. D) China only has an absolute advantage in digital cameras.
Table 2-8 shows the number of labor hours required to produce a digital camera and a pound of wheat in China and South Korea.
-Refer to Table 2-8.Does either China or South Korea have an absolute advantage and if so, in what product?


A) South Korea only has an absolute advantage in wheat.
B) China only has an absolute advantage in wheat.
C) South Korea has an absolute advantage in both products.
D) China only has an absolute advantage in digital cameras.

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