Multiple Choice
Table 3-3
-Refer to Table 3-3. Which of the following is correct?
A) Helen has a comparative advantage in quilts and Carolyn has an absolute advantage in neither good.
B) Helen has a comparative advantage in dresses and Carolyn has an absolute advantage in quilts.
C) Helen has a comparative advantage in quilts and Carolyn has an absolute advantage in dresses.
D) Helen has a comparative advantage in dresses and Carolyn has an absolute advantage in both goods.
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
Q16: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.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
Q22: Suppose a producer can produce a product
Q174: Figure 3-6<br>These figures illustrate the production possibilities