Table 2-16 Table 2-16 Shows the Number of Labor Hours

question 242

Multiple Choice

Table 2-16
Table 2-16 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-16. Does either Estonia or Finland have an absolute advantage and if so, in what product?

• A) Finland has an absolute advantage in lumber.
• B) Estonia has an absolute advantage in lumber.
• C) Finland has an absolute advantage in both products.
• D) Estonia has an absolute advantage in cell phones.

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