Table 2-20 Table 2-20 Shows the Number of Labor Hours

question 46

Multiple Choice

Table 2-20
Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-20. Does either Japan or Thailand have an absolute advantage and if so, in what product?

• A) Thailand has an absolute advantage in rice.
• B) Japan has an absolute advantage in rice.
• C) Thailand has an absolute advantage in both products.
• D) Japan has an absolute advantage in wristwatches.

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Definitions:

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