Multiple Choice
Table 2-4
Table 2-4 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 2-4.Does either China or South Korea have an absolute advantage and if so,in what product?
A) South Korea has an absolute advantage in wheat.
B) China has an absolute advantage in wheat.
C) South Korea has an absolute advantage in both products.
D) China has an absolute advantage in digital cameras.
Correct Answer:
Verified
Correct Answer:
Verified
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