Multiple Choice
Figure 16-2
Number of workers needed to produce one unit of each of the following goods:
-In Figure 16-2,what can be said regarding comparative advantage?
A) Colombia has a comparative advantage in producing radios.
B) Korea has a comparative advantage in producing both radios and calculators.
C) Korea has a comparative advantage in producing calculators.
D) Colombia has a comparative advantage in producing calculators.
E) Colombia has a comparative advantage in producing both radios and calculators.
Correct Answer:
Verified
Correct Answer:
Verified
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