Table 3-3
-According to Table 3-3:
A) the US has an absolute advantage in aeroplanes, and Europe has an absolute advantage in cars
B) the US has an absolute advantage in neither goods, and Europe has an absolute advantage in both goods
C) the US has an absolute advantage in cars, and Europe has an absolute advantage in aeroplanes
D) the US has an absolute advantage in neither goods, and Europe has an absolute advantage in cars
Correct Answer:
Verified
Q93: Trade is based on:
A)absolute advantage
B)comparative advantage
C)trade subsidies
D)international
Q94: Comparative advantage is based on:
A)capital costs
B)labour costs
C)dollar
Q95: Table 3-3 Q96: Trade can benefit society as a whole Q97: Graph 3-2 Q99: Table 3-3 Q100: Table 3-3 Q101: If two countries have identical opportunity costs, Q102: Table 3-3 Q103: Table 3-4 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