Multiple Choice
Table 3-6
-Refer to Table 3-6. Which of the following is correct?
A) England has an absolute advantage in bread and Spain has a comparative advantage in bread.
B) England has an absolute advantage in bread and Spain has a comparative advantage in neither good.
C) England has an absolute advantage in cheese and Spain has a comparative advantage in both goods.
D) England has an absolute advantage in both goods and Spain has a comparative advantage in cheese.
Correct Answer:
Verified
Correct Answer:
Verified
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