Refer to the table below. Based on the data provided, it can be deduced that:
The table below shows labor-productivity figures in two countries facing constant costs:
A. Country A can produce more meat and houses than country B
B. Country A has a comparative advantage in producing houses
C. Country B has the absolute advantage in producing houses
D. Country B has a comparative advantage in producing houses
D. Country B has a comparative advantage in producing houses
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To calculate GDP using the expenditure approach, in part it is necessary to
A) add imports and exports. B) add imports and subtract exports. C) add exports and subtract imports. D) subtract both exports and imports.
The answer to, "What goods are to be produced?" deals with:
A) who gets the goods. B) how tastes and preferences are determined. C) how resources are combined to produce goods and services. D) the kinds and quantities of goods and services produced.