Solved

Figure 18-7 -In Figure 18-7, AB Represents the Production Possibilities of Pestoland

Question 134

Multiple Choice
Figure 18-7 -In Figure 18-7, AB represents the production possibilities of Pestoland and CD that of Pastaland.The graph indicates Pestoland has an absolute

Figure 18-7
Figure 18-7 -In Figure 18-7, AB represents the production possibilities of Pestoland and CD that of Pastaland.The graph indicates Pestoland has an absolute A) advantage in both pesto and pasta. B) and comparative advantage in both pesto and pasta. C) advantage in both goods, but a comparative advantage only in pesto. D) advantage in pesto only and a comparative advantage only in pasta.
-In Figure 18-7, AB represents the production possibilities of Pestoland and CD that of Pastaland.The graph indicates Pestoland has an absolute


A) advantage in both pesto and pasta.
B) and comparative advantage in both pesto and pasta.
C) advantage in both goods, but a comparative advantage only in pesto.
D) advantage in pesto only and a comparative advantage only in pasta.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q126: The world price of a commodity will

Q129: Figure 18-7
Figure 18-7 </p></div><svg width=

Q130: Table 18-4

Q132: Table 18-4

Q133: Table 18-4

Q135: Figure 18-7
Figure 18-7 </p></div><svg width=

Q136: Figure 18-7
Figure 18-7 </p></div><svg width=

Q138: Table 18-4

Q139: The effect of opening trade between countries

Q139: Table 18-4

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents