Multiple Choice
Table 3-3
-Refer to Table 3-3.What does each of the two producers have a comparative or absolute advantage in
A) Kevin has a comparative advantage in sweaters, and Amy has an absolute advantage in neither good.
B) Kevin has a comparative advantage in blankets, and Amy has an absolute advantage in sweaters.
C) Kevin has a comparative advantage in sweaters, and Amy has an absolute advantage in blankets.
D) Kevin has a comparative advantage in blankets, and Amy has an absolute advantage in both goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q55: Figure 3-5<br>These graphs illustrate the production possibilities
Q56: Regan grows flowers and makes vases.Jayson also
Q57: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 3-2
Q58: Suppose labour in Mexico is less productive
Q62: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 3-6
Q65: It takes Russell 6 hours to produce
Q110: Two countries can achieve gains from trade
Q111: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table