Table 3-4
-Refer to Table 3-4. Which of the following is correct?
A) Alberta has an absolute advantage in birdhouses and Manitoba has an absolute advantage in baskets.
B) Alberta has an absolute advantage in baskets and Manitoba has an absolute advantage in birdhouses.
C) Alberta has an absolute advantage in neither good and Manitoba has an absolute advantage in both goods.
D) Alberta has an absolute advantage in both goods and Manitoba has an absolute advantage in neither good.
Correct Answer:
Verified
Q94: On what is trade based?
A)absolute advantage.
B)comparative advantage.
C)production
Q95: Table 3-4 Q96: For two people who are planning to Q97: Table 3-4 Q98: Table 3-4 Q100: Using all available resources, if a farmer Q101: Mike and Sandy are two woodworkers who Q102: What does comparative advantage reflect? Q103: Belarus has a comparative advantage in the Q104: Mike and Sandy are two woodworkers who Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)productivity.
B)relative opportunity cost.
C)efficiency.
D)terms
