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Retnec Retnec
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7 years ago
Frank can build either 3 bookcases or 1 kitchen table per week. Jim can build either 4 bookcases or 2 kitchen tables in a week's time. We can say that
A) Frank has an absolute advantage in the production of both bookcases and kitchen tables.
B) Frank has an absolute advantage in the production of bookcases and a comparative advantage in the production of kitchen tables.
C) Jim has an absolute advantage in the production of both products and a comparative advantage in the production of bookcases.
D) Jim has a comparative advantage in the production of kitchen tables, and Frank has a comparative advantage in the production of bookcases.
E) Jim has a comparative advantage in the production of both products.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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7 years ago
Thanks
missnoname
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Yesterday
this is exactly what I needed
Harvinder
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2 hours ago
Thanks for your help!!
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