In Canada,the average worker can produce 10 computers or six cars a year.In the United States,the average worker can produce 12 computers or 10 cars a year.Which of the following statements is CORRECT?
A) Canada has a comparative advantage in the production of cars.
B) Canada has an absolute advantage in producing both goods.
C) The United States has an absolute advantage in both goods,but a comparative advantage in producing cars.
D) The United States has a comparative advantage in producing computers.
Correct Answer:
Verified
Q3: In 2012,the largest percentage of U.S.exports were:
A)
Q4: If the United States can produce more
Q5: In Canada,the average worker can produce 10
Q6: Mary can clean 20 windows per hour
Q9: Assume that the United States could produce
Q10: A country has an absolute advantage in
Q12: Which of the following has NOT contributed
Q13: If the United States can produce 50
Q40: According to international trade theory
A) every country
Q181: If Canada is using all its resources
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