Table 2.1.Output Possibilities of the U.S.and the U.K.

-Referring to Table 2.1,the United Kingdom has a comparative advantage in the production of:
A) Steel
B) Televisions
C) Both steel and televisions
D) Neither steel nor televisions

Question

Table 2.1.Output Possibilities of the U.S.and the U.K.
 
-Referring to Table 2.1,the United Kingdom has a comparative advantage in the production of:
A) Steel 
B) Televisions 
C) Both steel and televisions 
D) Neither steel nor televisions

Quizplus · Accepted Answer

The United Kingdom has a comparative advantage in steel production if it can produce steel at a lower opportunity cost compared to televisions than other countries.