If Korea Is Capable of Producing Either Shoes or Soccer

question 108

Multiple Choice

If Korea is capable of producing either shoes or soccer balls or some combination of the two,then

• A)Korea should specialize in the product in which it has an absolute advantage.
• B)it would be impossible for Korea to have an absolute advantage over another country in both products.
• C)it would be difficult for Korea to benefit from trade with another country if Korea is efficient in the production of both goods.
• D)Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.