Figure 16-3 Quantities of Goods That Can Be Produced in One Day

question 59

Multiple Choice

Figure 16-3
Quantities of goods that can be produced in one day with available resources:

-In Figure 16-3,if Costa Rica and Panama have identical resources,then Panama has a(n)

• A)absolute advantage only in producing bicycles
• B)comparative advantage in producing both bicycles and rugs
• C)absolute advantage only in producing rugs
• D)comparative advantage only in producing rugs
• E)absolute advantage in producing both rugs and bicycles

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