Table 3-4

-Refer to Table 3-4.Which good(s)does Finland have an absolute advantage producing?
A) both eggs and ham.
B) eggs but not ham.
C) ham but not eggs.
D) neither ham nor eggs.

Question

Table 3-4
 
-Refer to Table 3-4.Which good(s)does Finland have an absolute advantage producing?
A) both eggs and ham. 
B) eggs but not ham. 
C) ham but not eggs. 
D) neither ham nor eggs.

Quizplus · Accepted Answer

An absolute advantage occurs when a country can produce more of a good with the same resources compared to another country. Without the specific data from Table 3-4, the choice indicates that Finland can produce more of both eggs and ham compared to the other country in question.

Table 3-4 -Refer to Table 3-4.Which Good(s)does Finland Have an Absolute Advantage