Multiple Choice
Given the information in the figure above,Liz ________ benefit from trade with Joe because ________.
A) can; each of them has a comparative advantage in one of the goods
B) can; each of them has an absolute advantage in one of the goods
C) cannot; she has an absolute advantage in both goods
D) cannot; she has a comparative advantage in both goods
E) can; Joe is more productive in producing one of the goods
Correct Answer:

Verified
Correct Answer:
Verified
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q42: By specializing and trading,a country is able
Q43: If Wendy can produce more of all
Q44: Gains from trade<br>A) occur when one party
Q45: Relative to Al,Joe has _ if Joe
Q47: When a nation is producing on its
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q49: The opportunity cost of producing one more
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q51: A reason the production possibilities frontier exists