Multiple Choice
Table 2-3 shows the number of labor hours required to produce a digital camera and a kilo of wheat in China and South Korea.
-Refer to Table 2 -3. Does either China or South Korea have an absolute advantage and, if so, in which product?
A) South Korea has an absolute advantage in both products.
B) China has an absolute advantage in digital cameras.
C) South Korea has an absolute advantage in wheat.
D) China has an absolute advantage in wheat.
Correct Answer:
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