Author Question: Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.Refer ... (Read 41 times)

JMatthes · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.

Refer to Figure 33.2. The opportunity cost of a car is ________ truck(s) in the United States and ________ truck(s) in England

◦ 6; 4
◦ 4; 1.5
◦ 4; 6
◦ 0.25; 0.67

Question 2

Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.

Refer to Figure 33.2. England has

◦ a comparative advantage in producing trucks.
◦ an absolute advantage in producing cars.
◦ a comparative advantage in producing cars.
◦ no comparative advantage in producing either cars or trucks.

tandmlomax84 · **Reply #1 on:** Apr 19, 2019

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