Multiple Choice
Table 3-3
-Refer to Table 3-3.What does each of the two producers have a comparative or absolute advantage in?
A) Helen has an absolute advantage in dresses, and Carolyn has a comparative advantage in quilts.
B) Helen has an absolute advantage in both goods, and Carolyn has a comparative advantage in dresses.
C) Helen has an absolute advantage in quilts, and Carolyn has a comparative advantage in quilts.
D) Helen has an absolute advantage in both goods, and Carolyn has a comparative advantage in quilts.
Correct Answer:
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