The United States and Canada trade hockey skates and apple pie.If the United States has an absolute and a comparative advantage in the production of apple pie,then:
A) Canada must have the comparative advantage in the production of skates.
B) Canada must have the absolute advantage in the production of skates.
C) Canada must have the absolute and comparative advantage in the production of skates.
D) the United States must also have the comparative advantage in the production of skates.
Correct Answer:
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Q79: Q80: Q81: Suppose an American worker can make 100 Q83: Suppose that a worker in Country A Q85: Suppose an American worker can make 50 Q86: Suppose an American worker can make 20 Q87: Suppose an American worker can make 50 Q88: When a producer has a comparative advantage Q99: Suppose an American worker can make 20 Q114: When a producer has an absolute advantage
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