When Mike Has an Absolute Advantage in the Production of Two

question 197

Multiple Choice

When Mike has an absolute advantage in the production of two goods over Tommy,Mike

• A)is more productive in producing both goods than Tommy.
• B)is better off if he does not engage in specialisation and trade with Tommy.
• C)cannot gain from trade with Tommy.
• D)is less productive than Tommy.
• E)always has a comparative advantage over Tommy in the production of both goods.

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