Table 7-1
Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and prepare their own food.Rob and Bill spent one day each fishing and picking berries.The table lists the pounds of output Rob and Bill produced.
-Refer to Table 7-1.Use the table above to select the statement that accurately interprets the data in the table.
A) Rob has an absolute advantage in picking berries and Bill has an absolute advantage in catching fish.
B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish.
C) Bill has an absolute advantage in picking berries and catching fish.
D) Rob has an absolute advantage in picking berries and catching fish.
Correct Answer:
Verified
Q31: What are three primary reasons for the
Q32: Table 7-2 Q33: Table 7-3 Q34: Explain why international trade is less important Q35: Table 7-1 Q37: Trade that is within a country or Q38: Table 7-1 Q39: _ is the ability to produce more Q40: Table 7-1 Q41: Assume that Finland and Latvia produce only 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