Multiple Choice
If a country possesses the absolute advantage in the production of one good:
A) then it must also possess the absolute advantage in the production of the other good.
B) then it must also possess the comparative advantage in the production of both goods.
C) then it must also possess the comparative advantage in the production of the other good.
D) it can produce more of that good given the same resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: The United States and Canada trade hockey
Q28: A realistic production possibilities curve:<br>A) is concave
Q29: Suppose an American worker can make 50
Q30: Suppose that a worker in Country A
Q31: Suppose an American worker can make 20
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Suppose the figure
Q35: Suppose that a worker in Country A
Q36: Suppose that a worker in Country A
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Refer to the