Multiple Choice
Table 14-1
Alternate Outputs from One Day's Labour Input:
Canada: 12 bushels of wheat or 3 yards of textiles
Great Britain: 3 bushels of wheat or 12 yards of textiles
-Refer to Table 14-1.What can we conclude about Canada?
A) It has an absolute advantage over Great Britain in the production of textiles.
B) It has a comparative advantage in the production of textiles.
C) It should export textiles to Great Britain.
D) It has an absolute advantage over Great Britain in the production of wheat.
Correct Answer:
Verified
Correct Answer:
Verified
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