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