Multiple Choice
Table 5.1:
Table 5.1 shows the number of labor hours required by Andrea and Hector to each produce one bracelet and one tiara.
-Refer to Table 5.1. Does either Andrea or Hector have an absolute advantage and if so, in what product?
A) Andrea only has an absolute advantage in producing bracelets.
B) Hector only has an absolute advantage in producing bracelets.
C) Andrea has an absolute advantage in producing both products.
D) Hector only has an absolute advantage in producing tiaras.
Correct Answer:
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