Question

Use the figure below to answer the following question(s). Table 2.4 The planets of Vulcan and Romulus each produce goods X and Y. The following table gives points on their production possibilities frontiers. V- X-2 of y X-1.5 of y y-half of x y-2 thirds of x Vulcan Romulus Good X Good Y Good X Good Y 33) 33) Refer to Table 2.4. Which one of the following is true? A) Vulcan has a comparative advantage in the production of X. B) Romulus has both an absolute advantage and a comparative advantage in the production of Y. C) Vulcan should specialize in the production of X. D) Romulus has both an absolute advantage and a comparative advantage in the production of X. E) Romulus has a comparative advantage in the production of X.