Multiple Choice
Table 2-14
Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-14. Does either Ireland or Scotland have an absolute advantage and if so, in what product?
A) Scotland only has an absolute advantage in guitars.
B) Ireland only has an absolute advantage in guitars.
C) Scotland has an absolute advantage in both products.
D) Ireland only has an absolute advantage in motorcycles.
Correct Answer:
Verified
Correct Answer:
Verified
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