Table 3-6 -Refer to Table 3-6. Which of the Following Is Correct

question 162

Multiple Choice

Table 3-6

-Refer to Table 3-6. Which of the following is correct?

• 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:

Apartment Building

A residential building containing multiple apartments for rent or lease.

Cost Recovery Deduction

A tax deduction that allows taxpayers to recover the cost of an asset over the time the asset is used, typically through depreciation.

Cost Recovery Deduction

A tax deduction that allows a taxpayer to recover the cost of property or assets over time through depreciation.

Warehouse

A large commercial building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.