Multiple Choice
In an article in the North Texas Star Telegram (June 1, 2007) , it was noted that no gasoline refineries had been built in the U.S. in 30 years and as a result, the U.S. was importing ever- increasing amounts of gasoline.
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The article reflects the fact that
A) the PPF of countries that build refineries will become steeper.
B) the U.S. PPF for gasoline will become steeper.
C) other countries have an absolution advantage in the production of gasoline.
D) other countries have a comparative advantage in producing gasoline.
Correct Answer:
Verified
Correct Answer:
Verified
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