Table 3.1 illustrates Willy and Blythe's hourly production for apples and carrots. From the table, we can conclude that:
A: Willy has an absolute advantage in producing apples but not carrots.
B: Willy has an absolute advantage in producing carrots but not apples.
C: Willy has an absolute advantage in producing both goods.
D: Willy does not have an absolute advantage in producing either good.
A: Willy has an absolute advantage in producing apples but not carrots.
B: Willy has an absolute advantage in producing carrots but not apples.
C: Willy has an absolute advantage in producing both goods.
D: Willy does not have an absolute advantage in producing either good.
举一反三
- Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then A: Tom must have an absolute advantage in the production of baseball bats. B: Jim must have an absolute advantage in the production of baseball bats. C: Tom has a comparative advantage in the production of baseball bats. D: Jim has a comparative advantage in the production of baseball bats.
- According to the absolute advantage, trade occurs only when each country has an/a______ advantage over the other in producing one commodity.
- If a Chinese worker can produce1 ton of wheator3 tons of cornper week, while a Brizilian worker can produce2 tons ofwheator5 tons of cornper week: A: Brizil has absolute advantage in both goods. B: Brazil has comparative advantage in corn and China has comparative in wheat. C: Brazil has comparative advantage in wheat and China has comparative in corn. D: Chinahas absolute advantage in corn.
- Lao Li has absolute advantages in arable land and planting. Lao Li ( ) A: Only have absolute advantages in arable land B: Only have a comparative advantage in arable land C: Only have an absolute advantage in sowing D: Only have a comparative advantage in sowing
- When one producer has a lower opportunity cost of production than another producer for a given item, what exists? A: Absolute disadvantage B: Comparative disadvantage C: Comparative advantage D: Absolute advantage