Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour.
A) Brenda has an absolute advantage in the production of X and Y.
B) Brenda cannot gain from trade.
C) Brenda has a comparative advantage in the production of X.
D) Agnes has a comparative advantage in the production of Y.
Correct Answer:
Verified
Q78: Q79: Q80: Which of the following is true regarding Q81: After cyclone Yasi devastated parts of Queensland Q82: Technological progress makes the production possibilities frontier Q84: Suppose that a typical German factory can Q85: Suppose the country of Popcorn produces only Q86: Markets are BEST defined as Q87: When producing at a production efficient point, Q88: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)become
A)arrangements where buyers
A)we