Multiple Choice
Figure 3-2
-Refer to Figure 3-2. 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
Q12: If labour in Mexico is less productive
Q13: Table 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-5
Q14: Using all available resources, if a farmer
Q15: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-1
Q17: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q19: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1
Q20: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1
Q21: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2
Q174: Figure 3-6<br>These figures illustrate the production possibilities