Multiple Choice
Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. What does each of the two producers have an absolute advantage in?
A) Ben has an absolute advantage in ice cream, and Jerry has an absolute advantage in cones.
B) Ben has an absolute advantage in cones, and Jerry has an absolute advantage in ice cream.
C) Ben has an absolute advantage in neither good, and Jerry has an absolute advantage in both goods.
D) Ben has an absolute advantage in both goods, and Jerry has an absolute advantage in neither good.
Correct Answer:
Verified
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