Multiple Choice
Suppose Jim and Tom can both produce two goods: baseball bats and hockey sticks.Which of the following is not possible?
A) Jim has an absolute advantage in the production of baseball bats and in the production of hockey sticks.
B) Jim has an absolute advantage in the production of baseball bats and a comparative advantage in the production of hockey sticks.
C) Jim has an absolute advantage in the production of hockey sticks and a comparative advantage in the production of baseball bats.
D) Jim has a comparative advantage in the production of baseball bats and in the production of hockey sticks.
Correct Answer:
Verified
Correct Answer:
Verified
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