Assume Russia and the United States each produce only two goods,tanks and automobiles.The values in Table 17.1 represent the maximum amount of each good that can be produced using existing resources.
Table 17.1 - Full-employment output of goods
-The information in Table 17.1 indicates that:
A) Russia has a comparative advantage in tanks.
B) Russia has both an absolute and comparative advantage in automobiles.
C) The United States has a comparative advantage in both goods.
D) The United States has a comparative advantage in tanks.
Correct Answer:
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