Table 3-3
-According to Table 3-3:
A) Europe has a comparative advantage in aeroplanes, and the US has an absolute advantage in cars
B) Europe has a comparative advantage in cars, and the US has an absolute advantage in aeroplanes
C) Europe has a comparative advantage in cars, and the US has an absolute advantage in neither goods
D) Europe has a comparative advantage in aeroplanes, and the US has an absolute advantage in both goods
Correct Answer:
Verified
Q85: Graph 3-2 Q86: Table 3-3 Q87: Table 3-3 Q88: Graph 3-2 Q89: Table 3-3 Q91: Table 3-3 Q92: Table 3-3 Q93: Trade is based on: Q94: Comparative advantage is based on: Q95: Table 3-3 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)absolute advantage
B)comparative advantage
C)trade subsidies
D)international
A)capital costs
B)labour costs
C)dollar