Use the following to answer questions:
Figure: Countries A and B
-(Figure: Countries A and B) Refer to the figure. According to the diagram about countries A and B, which of the following statement(s) is correct? I. Country A has a comparative advantage in Good Y.
II. Country B has an absolute advantage in both goods.
III. Country B has a comparative advantage in Good X.
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Question

Use the following to answer questions:
Figure: Countries A and B 
-(Figure: Countries A and B) Refer to the figure. According to the diagram about countries A and B, which of the following statement(s) is correct? I. Country A has a comparative advantage in Good Y.
II. Country B has an absolute advantage in both goods.
III. Country B has a comparative advantage in Good X.
A) I and II only 
B) I and III only 
C) II and III only 
D) I, II, and III

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: Countries A and B 
-(Figure: Countries A and B) Refer to the figure. According to the diagram about countries A and B, which of the following statement(s) is correct? I. Country A has a comparative advantage in Good Y.
II. Country B has an absolute advantage in both goods.
III. Country B has a comparative advantage in Good X.
A) I and II only 
B) I and III only 
C) II and III only 
D) I, II, and III

Use the Following to Answer Questions