-Refer to Table 3-3. What does each of the two producers have a comparative or absolute advantage in?
A) Maria has an absolute advantage in coats, and Courtney has a comparative advantage in sweaters.
B) Maria has an absolute advantage in both goods, and Courtney has a comparative advantage in coats.
C) Maria has an absolute advantage in sweaters, and Courtney has a comparative advantage in sweaters.
D) Maria has an absolute advantage in neither good, and Courtney has a comparative advantage in sweaters.
Correct Answer:
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These graphs illustrate the production possibilities
These graphs illustrate the production possibilities
These graphs illustrate the production possibilities
These graphs illustrate the production possibilities