-In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. Regarding the production of good X
A) country A has an absolute advantage.
B) country A has a comparative advantage.
C) country B has a comparative advantage.
D) country B has an absolute advantage.
Correct Answer:
Verified
Q40: Q41: Q42: Q43: When resources are assigned to inappropriate tasks, Q44: Production efficiency occurs when production Q46: Jane produces only corn and cloth. Taking Q47: The principle of decreasing marginal benefit implies 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) is on