Multiple Choice
Suppose China can produce 200 TVs or 200 DVD players.South Korea can produce either 100 TVs or 200 DVD players.In terms of TV production,we can conclude that
A) China has an absolute advantage in TV production.
B) South Korea has an absolute advantage in TV production.
C) China has a comparative advantage in TV production.
D) South Korea has a comparative advantage in TV production.
Correct Answer:
Verified
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