An individual or country that has a comparative advantage in the production of one good
A) may or may not have an absolute advantage in the good's production.
B) must have an absolute advantage in the good's production.
C) must not have an absolute advantage in the good's production.
D) must not have an absolute advantage in the production of the other good.
A
You might also like to view...
Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, what is the market quantity supplied at a price of $20?
A) 0 B) 100 C) 150 D) 200
While in school, Kiki spends 20 hours a week as a computer programmer for Microsoft and studies 30 hours a week
A) Kiki is classified as a full-time worker, working 50 hours a week. B) Kiki is classified as a part-time worker, working 30 hours a week. C) Kiki is classified as a part-time worker, working 20 hours a week. D) Because Kiki is a student, she is not classified as working. E) Because Kiki is a student, she is classified as a full-time worker, working 20 hours a week at a paid job.