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Chapter 3

ECON 1B03 Chapter Notes - Chapter 3: Absolute Advantage, Comparative Advantage, Opportunity Cost


Department
Economics
Course Code
ECON 1B03
Professor
Hannah Holmes
Chapter
3

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CHAPTER 3 TEXTBOOK ANSWERS
Quick Quizzes
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 #!

Figure 1
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' "%"
 (#&
' "!
 ##"
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 "%
 %""#
"*!"#!!
"#""
"
Questions for Review
 +!,!"# #
#!!!
"# #-# #
"!!!"#".!
!!!"
$ /"01#0# 
2#'+"
+#'+
!'#
+!!3'
$#'4.5

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

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 !!!
0$#+6'"
+' #
+!!#
!!'
 +0!!
"+#7
6

( 8
!""!
!!
Problems and Applications
 00#."
''!"4
'#4'$'-
#'!
"'1"#."
'$'!"
4'#$'4'
-#'!
"$'
$  1$/ !"#
&&#!
 !""#$(&
#7#
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Figure 2

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