The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Refer to Figure 2.4 and identify the correct statement.
A) Germany has comparative advantage in the production of cars.
B) Korea has comparative advantage in the production of cars.
C) Germany has comparative advantage in the production of food.
D) Korea has a lower opportunity cost for making cars.
E) Germany has a lower opportunity cost for making food.
Correct Answer:
Verified
Q58: The table given below represents the output
Q59: The table given below represents the output
Q60: The table given below represents the output
Q61: The figure given below represents the PPC
Q62: The figure given below represents the PPC
Q64: The figure given below represents the PPC
Q65: The figure given below represents the PPC
Q66: The figure given below represents the PPC
Q67: The figure given below represents the PPC
Q68: The table given below represents butter and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents