Multiple Choice
Table 3-6
-Refer to Table 3-6. Which of the following is correct?
A) England has a comparative advantage in bread and Spain has an absolute advantage in cheese.
B) England has a comparative advantage in bread and Spain has an absolute advantage in neither good.
C) England has a comparative advantage in cheese and Spain has an absolute advantage in both goods.
D) England has a comparative advantage in both goods and Spain has an absolute advantage in cheese.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Suppose a gardener produces both green beans
Q2: Trade can benefit society as a whole
Q4: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q5: Which of the following is NOT true
Q7: A rancher can produce only hamburgers, while
Q8: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-6
Q9: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q10: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q41: Trade allows a country to consume outside