Multiple Choice
Suppose an American worker can make 100 chairs or catch 1000 fish per day.On the other hand,a Chilean worker can produce 40 chairs or catch 400 fish per day.The United States possesses a(n) _______________ advantage in chair production,but not a(n) ______________ advantage in fish production.
A) absolute; comparative
B) comparative; absolute
C) absolute; absolute
D) comparative; comparative
Correct Answer:

Verified
Correct Answer:
Verified
Q64: If the opportunity cost of producing corn
Q65: An increase in productivity as a result
Q66: Suppose England has a comparative advantage over
Q67: Tom and Jerry have two tasks to
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider the production
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Refer to the
Q72: Tom and Jerry have two tasks to
Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Refer to the
Q74: Tom and Jerry have two tasks to