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 U.S. has
◦ a comparative advantage in producing trucks.
◦ an absolute advantage in producing trucks.
◦ a comparative advantage in producing cars.
◦ no comparative advantage in producing either cars or trucks.
Question 2
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 1 ________ is 4 ________ in the United States and 1.5 ________ in England.
◦ car; trucks; trucks
◦ truck; cars; cars
◦ car; cars; trucks
◦ truck; trucks; cars
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