Multiple Choice
Fab Tools Inc.can produce 150 widgets and 100 axes in a month.Another company AllMyTools Inc.can produce 180 widgets and 50 axes per month.Which of the following statements is true?
A) Fab Tools has a comparative advantage in the production of widgets.
B) Fab Tools has an absolute advantage in the production of both goods.
C) AllMyTools has a comparative advantage in the production of widgets.
D) AllMyTools has an absolute advantage in the production of both goods.
Correct Answer:
Verified
Correct Answer:
Verified
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