Multiple Choice
Figure 3-1 
-Refer to Figure 3-1. Which of the following is true for Cliff and Paul?
A) Paul has an absolute advantage in both wheat and corn.
B) Paul has an absolute advantage in wheat and Cliff has an absolute advantage in corn.
C) Cliff has an absolute advantage in wheat and Paul has an absolute advantage in corn.
D) Cliff has an absolute advantage in both wheat and corn.
Correct Answer:
Verified
Correct Answer:
Verified
Q81: Suppose that a worker in Radioland can
Q82: Figure 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 3-1
Q115: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-5
Q116: Figure 3-3<br>Ice cream is measured in kilograms.
Q117: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2
Q118: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-4
Q121: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6
Q123: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-4
Q124: Assume that Greece has a comparative advantage
Q125: On what is comparative advantage based?<br>A)capital costs.<br>B)labour