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11 Dec 2019
If Wendy can produce more of all goods than Tommy in an hour, then
A. Wendy has an absolute advantage in all goods.
B. Wendy has a comparative advantage in all goods.
C. Only Tommy but not Wendy can benefit from trade between the two of them.
D. Wendy does not need to trade with Tommy in order to achieve the gains from trade.
E. Tommy has an absolute advantage in all goods
If Wendy can produce more of all goods than Tommy in an hour, then
A. Wendy has an absolute advantage in all goods.
B. Wendy has a comparative advantage in all goods.
C. Only Tommy but not Wendy can benefit from trade between the two of them.
D. Wendy does not need to trade with Tommy in order to achieve the gains from trade.
E. Tommy has an absolute advantage in all goods
Divya SinghLv10
6 Oct 2020
