(Figure: Countries A & B) Refer to the figure. According to thediagram about countries A & B, which of the followingstatements 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

(Figure: Countries A & B) Refer to the figure. According to thediagram about countries A & B, which of the followingstatements 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  (Figure: Countries A & B) Refer to the figure. According to thediagram about countries A & B, which of the followingstatements 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

(Figure: Countries a & B) Refer to the Figure