Answer the question(s)below based on the information in the following table
Country
$$\begin{array} { | c | c | c | }
\hline \text { Goods } & \mathrm { A } & \mathrm { B } \
\hline \mathrm { X } & 3 & 9 \
\hline \mathrm { Y } & 4 & 2 \
\hline
\end{array}$$ (numbers indicate hours of labor per unit of output)
-Refer to the table above.Country B has absolute advantage in
A)Good X.
B)Good Y.
C)Neither X nor Y.
D)Both X and Y.

Question

Answer the question(s)below based on the information in the following table
Country
 $$\begin{array} { | c | c | c | } 
\hline \text { Goods } & \mathrm { A } & \mathrm { B } \
\hline \mathrm { X } & 3 & 9 \
\hline \mathrm { Y } & 4 & 2 \
\hline
\end{array}$$ (numbers indicate hours of labor per unit of output)
-Refer to the table above.Country B has absolute advantage in
A)Good X.
B)Good Y.
C)Neither X nor Y.
D)Both X and Y.

Quizplus · Accepted Answer

Country B has absolute advantage in producing both goods because it requires fewer hours of labor per unit of output for both goods compared to Country A. However, the question is asking for which good specifically, and the table shows that Country B requires fewer hours of labor to produce Good Y. Therefore, the answer is B - Good Y.

Answer the Question(s)below Based on the Information in the Following