-Two Countries, Blue Violet and Sweet Pansy, Produce Only Two

question 56

Multiple Choice

-Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table above gives their production possibilities.

• A) Blue Violet has a comparative advantage in teapots.
• B) Sweet Pansy has a comparative advantage in teapots.
• C) Both have a comparative advantage in teapots.
• D) Sweet Pansy has an absolute advantage in teapots.

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Definitions:

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An observational perspective taken by someone who does not belong to the observed group, offering potentially unbiased insights into the group's dynamics.

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