Table 14-1
Alternate Outputs from One Day's Labour Input:
Canada: 12 bushels of wheat or 3 yards of textiles
Great Britain: 3 bushels of wheat or 12 yards of textiles
-Refer to Table 14-1.What can we conclude about Canada?
A) It has an absolute advantage over Great Britain in the production of textiles.
B) It has a comparative advantage in the production of textiles.
C) It should export textiles to Great Britain.
D) It has an absolute advantage over Great Britain in the production of wheat.
Correct Answer:
Verified
Q26: If Samoa could produce either 3 coconuts
Q27: Table 14-1
Alternate Outputs from One Day's Labour
Q28: In Samoa,the opportunity cost of producing 1
Q29: In Artland,the opportunity cost of producing 1
Q30: The opportunity cost of producing a pair
Q32: If two countries are each producing two
Q33: Table 14-2
Alpha can produce either 18 oranges
Q34: Suppose that Canada can produce 100 hockey
Q35: Table 14-2
Alpha can produce either 18 oranges
Q36: Assume that one day's labour in England
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