Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.

-Refer to Table 3-27. Min has an absolute advantage in the production of
A)plates and a comparative advantage in the production of plates.
B)parasols and a comparative advantage in the production of plates.
C)neither good and a comparative advantage in the production of parasols.
D)neither good and a comparative advantage in the production of plates.

Question

Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
​ 
-Refer to Table 3-27. Min has an absolute advantage in the production of
A)plates and a comparative advantage in the production of plates. 
B)parasols and a comparative advantage in the production of plates. 
C)neither good and a comparative advantage in the production of parasols. 
D)neither good and a comparative advantage in the production of plates.

Quizplus · Accepted Answer

The Answer of Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
​ 
-Refer to Table 3-27. Min has an absolute advantage in the production of
A)plates and a comparative advantage in the production of plates. 
B)parasols and a comparative advantage in the production of plates. 
C)neither good and a comparative advantage in the production of parasols. 
D)neither good and a comparative advantage in the production of plates.

Table 3-27 Assume That Huang and Min Can Switch Between Producing Parasols