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 an absolute advantage in blankets, and Amy has a comparative advantage in sweaters.
B) Kevin has an absolute advantage in both goods, and Amy has a comparative advantage in blankets.
C) Kevin has an absolute advantage in sweaters, and Amy has a comparative advantage in sweaters.
D) Kevin has an absolute advantage in neither good, and Amy has a comparative advantage in sweaters.
Correct Answer:
Verified
Correct Answer:
Verified
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