Author Question: Refer to the table above. Country A has an absolute advantage in A) beer. B) wine. C) both ... (Read 64 times)

ahriuashd · **on:** Jun 30, 2018

Refer to the table above. Country A has an absolute advantage in

A) beer.
B) wine.
C) both beer and wine.
D) neither beer nor wine.

Question 2

The United States' comparative advantage over Japan in the production of rock-n-roll music implies that (for a similar quality of music) the

A) opportunity cost of production is less in Japan.
B) absolute cost of production is less in the United States.
C) absolute cost of production is less in Japan.
D) opportunity cost of production is less in the United States.
E) None of the above.