Refer to the table above. Country A has an absolute advantage in
A) beer.
B) wine.
C) both beer and wine.
D) neither beer nor wine.
C
Economics
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Suppose you take a trip during spring break. To determine the benefit of taking the trip, you
A) calculate the opportunity cost of the tri
Economics
Suppose Ethan and Ava work in a farm that grows apples and oranges of the same size. In one hour, Ethan can pick 8 pounds of apples or 1 pound of oranges. Ava can pick 6 pounds of apples or 1 pound of oranges. It can be concluded that
A) Ava has a comparative advantage in picking apples. B) Ava has an absolute advantage in picking apples. C) Ethan has a comparative advantage in picking apples. D) Ethan has an absolute advantage in picking oranges.
Economics