Table 3-6 -Refer to Table 3-5.Which Country Has an Absolute Advantage in an Absolute

question 164

Multiple Choice

Table 3-6

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

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

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Definitions:

Specific Concern

A particular issue or problem that requires attention or resolution.

Effective Way

A method or approach that achieves desired results or outcomes with efficiency.

Internal Communication

The exchange of information and messages within an organization among its members.

Awareness

The state or condition of being conscious of something, including perceiving, understanding, and being informed.