Figure 3-2
The production possibilities frontiers below show how much Bob and Betty can each produce in 8 hours of time.

-Refer to figure 3-2.Bob has
A) an absolute and comparative advantage producing good x.
B) an absolute but not a comparative advantage producing good x.
C) a comparative but not an absolute advantage producing good x.
D) neither a comparative nor an absolute advantage producing good x.

Question

Figure 3-2
The production possibilities frontiers below show how much Bob and Betty can each produce in 8 hours of time.

-Refer to figure 3-2.Bob has
A) an absolute and comparative advantage producing good x. 
B) an absolute but not a comparative advantage producing good x. 
C) a comparative but not an absolute advantage producing good x. 
D) neither a comparative nor an absolute advantage producing good x.

Quizplus · Accepted Answer

The Answer of Figure 3-2
The production possibilities frontiers below show how much Bob and Betty can each produce in 8 hours of time.

-Refer to figure 3-2.Bob has
A) an absolute and comparative advantage producing good x. 
B) an absolute but not a comparative advantage producing good x. 
C) a comparative but not an absolute advantage producing good x. 
D) neither a comparative nor an absolute advantage producing good x.

Figure 3-2 the Production Possibilities Frontiers Below Show How Much Bob and Bob