Table 3-3 -According to Table 3-3:
A)the US Has a Comparative Advantage

question 18

Multiple Choice

Table 3-3
$\begin{array}{|l|c|c|c|c|}\hline&\text { Hours needed to make one unit of: }&&\text { Amount produced in } 2400 \text { hours: }\\\hline & \text { Cars } & \text { Aeroplanes } & \text { Cars } & \text { Aeroplanes } \\\hline \text { US } & 40 & 160 & 60 & 15 \\\hline \text { Europe } & 50 & 150 & 48 & 16 \\\hline\end{array}$
-According to Table 3-3:

• A)the US has a comparative advantage in aeroplanes, and Europe has a comparative advantage in aeroplanes
• B)the US has a comparative advantage in cars, and Europe has a comparative advantage in aeroplanes
• C)the US has a comparative advantage in aeroplanes, and Europe has a comparative advantage in cars
• D)the US has a comparative advantage in neither goods, and Europe has a comparative advantage in cars

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Definitions:

Area

The measure of the extent of a two-dimensional surface or shape, or the extent of a land surface within specific boundaries.

Standard Normal

A special case of the normal distribution with a mean of zero and a standard deviation of one, used as a basis for comparison with other normal distributions.

Area

The determination of the size of a two-dimensional figure or area, measured in square units.

Normally Distributed

Describes a type of distribution where data is symmetrically distributed around the mean, following a bell-shaped curve.