Use the following to answer questions
Figure: Gadgets and Widgets 
-(Figure: Gadgets and Widgets) The graph shows production possibilities for two countries,A and B.Which of the following statements is correct?
A) Country A has the absolute advantage in both products.
B) Country B has the absolute advantage in widgets.
C) Country B has the comparative advantage in gadgets.
D) There are no gains from trade.
Correct Answer:
Verified
Q2: If Germany used all its resources to
Q3: In 2012,the largest percentage of U.S.exports were:
A)
Q4: If the United States can produce more
Q5: In Canada,the average worker can produce 10
Q6: Mary can clean 20 windows per hour
Q8: In Canada,the average worker can produce 10
Q9: Assume that the United States could produce
Q10: A country has an absolute advantage in
Q40: According to international trade theory
A) every country
Q181: If Canada is using all its resources
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