Multiple Choice
The data in the table below assumes that with the same quantity of resources,both Australia and Philippines produces food and computers.Australia can make 1,000 computers or 2,000 units of food in a day,and the Philippines can make 200 computers or 1,200 units of food in a day. Table 20.2 
- According to Table 20.2,Australia has an:
A) absolute advantage in the production of only food.
B) absolute advantage in the production of both food and computers.
C) absolute disadvantage in the production of both food and computers.
D) absolute advantage in the production of only computers.
E) absolute disadvantage in the production of food.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Nations trade what they produce in excess
Q18: The table below shows units of wheat
Q19: Which of the following factors are least
Q20: Scenario 20.1 Suppose labor productivity differences are
Q21: The table below shows units of wheat
Q22: Absolute advantage is irrelevant,because knowing the absolute
Q46: The table below shows the quantity demanded
Q49: The table below shows the quantity demanded
Q52: The table below shows the quantity demanded
Q60: The table below shows the quantity demanded