Table 3-2 -According to Table 3-2:
A)Lee Has an Absolute Advantage in unit

question 77

Multiple Choice

Table 3-2
$\begin{array}{|c|c|c|c|c|}\hline&\text { Labour hours needed to produce one unit of: }&&\text { Amount produced in } 60 \text { hours: }\\\hline & \text { Butter (kg) } & \text { Butter (kg } & \text { Rice (kg) } & \text { Rice (kg) } \\\hline \text { Lee } & 6 & 10 & 15 & 4 \\\hline \text { John } & 3 & 20 & 15 & 4\\\hline\end{array}$
-According to Table 3-2:

• A)Lee has an absolute advantage in neither goods, and John has a comparative advantage in butter
• B)Lee has an absolute advantage in rice, and John has a comparative advantage in butter
• C)Lee has an absolute advantage in rice, and John has a comparative advantage in neither goods
• D)Lee has an absolute advantage in neither goods, and John has a comparative advantage in rice

---

Definitions:

Pure Strategy Equilibria

A scenario in game theory where players choose a single strategy with certainty, leading to an outcome where no player benefits from changing strategies, assuming others do not change.

Swerve

A rapid change in movement direction; in strategic contexts, an unexpected deviation from a primary course of action.

Drive Straight

An imperative or instruction to proceed forward without turning, often used in the context of directions or driving advice.

Mixed Strategy Equilibrium

A situation in game theory where all players choose their strategies randomly according to specific probability distributions, and no player can improve their payoff by changing strategies.