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-In Exhibit B-16, Which of the Following Is True

Question 141

Multiple Choice

  -In Exhibit B-16, which of the following is true? A)  Country A has an absolute advantage in the production of oil. B)  Country B has an absolute advantage in the production of corn. C)  Country A has a relative advantage in the production of oil. D)  Country B has a relative advantage in the production of oil. E)  Both countries have an absolute advantage in the production of corn.
-In Exhibit B-16, which of the following is true?


A) Country A has an absolute advantage in the production of oil.
B) Country B has an absolute advantage in the production of corn.
C) Country A has a relative advantage in the production of oil.
D) Country B has a relative advantage in the production of oil.
E) Both countries have an absolute advantage in the production of corn.

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