Table 3-3 -Refer to Table 3-3.What Does Each of the Two Producers

question 116

Multiple Choice

Table 3-3

-Refer to Table 3-3.What does each of the two producers have an absolute advantage in

• A)Kevin has an absolute advantage in blankets, and Amy has an absolute advantage in sweaters.
• B)Kevin has an absolute advantage in sweaters, and Amy has an absolute advantage in blankets.
• C)Kevin has an absolute advantage in neither good, and Amy has an absolute advantage in both goods.
• D)Kevin has an absolute advantage in both goods, and Amy has an absolute advantage in neither good.

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Definitions:

Social Inequality

A condition in society where privileges, opportunities, and wealth are distributed unequally among individuals or groups based on characteristics such as race, gender, or socioeconomic status.

European Diseases

Infectious diseases introduced to new regions (especially the Americas) by European explorers and colonizers that led to significant Indigenous population declines.

Columbian Exchange

The transatlantic flow of goods and people that began with Columbus’s voyages in 1492.

Transatlantic Flow

The movement of people, goods, information, and culture across the Atlantic Ocean, significantly shaping societies on both sides of the ocean.