Multiple Choice
Use the information below to answer the following questions.
Fact 2.3.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in a hour.
-Refer to Fact 2.3.2.Which one of the following statements is true?
A) Brenda has a comparative advantage in the production of X.
B) Agnes will not gain from trade.
C) Brenda will not gain from trade.
D) Brenda has an absolute advantage over Agnes in the production of both goods.
E) Agnes has a comparative advantage in the production of Y.
Correct Answer:
Verified
Correct Answer:
Verified
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