Table 3-6 -Refer to Table 3-5.Which Country Has an Absolute or Comparative

question 107

Multiple Choice

Table 3-6

-Refer to Table 3-5.Which country has an absolute or comparative advantage in each product?

• A)England has an absolute advantage in bread, and Spain has a comparative advantage in bread.
• B)England has an absolute advantage in bread, and Spain has a comparative advantage in neither good.
• C)England has an absolute advantage in cheese, and Spain has a comparative advantage in both goods.
• D)England has an absolute advantage in both goods, and Spain has a comparative advantage in cheese.

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Definitions:

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