Table 2.12 Table 2.12 shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
-Refer to Table 2.12.Does either Estonia or Finland have an absolute advantage and if so, in what product?
A)Finland has an absolute advantage in lumber.
B)Estonia has an absolute advantage in lumber.
C)Finland has an absolute advantage in both products.
D)Estonia has an absolute advantage in cell phones.

Question

Table 2.12  Table 2.12 shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
-Refer to Table 2.12.Does either Estonia or Finland have an absolute advantage and if so, in what product?
A)Finland has an absolute advantage in lumber. 
B)Estonia has an absolute advantage in lumber. 
C)Finland has an absolute advantage in both products. 
D)Estonia has an absolute advantage in cell phones.

Quizplus · Accepted Answer

The Answer of Table 2.12  Table 2.12 shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
-Refer to Table 2.12.Does either Estonia or Finland have an absolute advantage and if so, in what product?
A)Finland has an absolute advantage in lumber. 
B)Estonia has an absolute advantage in lumber. 
C)Finland has an absolute advantage in both products. 
D)Estonia has an absolute advantage in cell phones.

Table 212 Table 2