Multiple Choice
Table 2.6 Table 2.6 shows the number of labour hours required to produce a digital camera and a kilo of wheat in China and South Korea.
-Refer to Table 2.6.Does either China or South Korea have an absolute advantage and if so, in what product?
A) South Korea has an absolute advantage in wheat.
B) China has an absolute advantage in wheat.
C) South Korea has an absolute advantage in both products.
D) China has an absolute advantage in digital cameras.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8
Q70: To what does Adam Smith's invisible hand
Q73: Which of the following is not a
Q77: A decrease in the unemployment rate may
Q79: An example of a factor or production
Q86: As women's wages have risen relative to
Q100: Figure 2.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 2.5
Q134: What shape does a production possibility frontier
Q166: It is possible to have an absolute
Q176: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8