Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Country B can produce 8 yards of textiles or 5 pounds of food per unit of input. A. Country B is relatively more efficient than Country A in the production of food. B. All the other 3 statements are correct C. Country A has an absolute advantage over Country B in the production of food and textiles. D. Country A is relatively more efficient than Country B in the production of textiles.

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Country B can produce 8 yards of textiles or 5 pounds of food per unit of input. A. Country B is relatively more efficient than Country A in the production of food. B. All the other 3 statements are correct C. Country A has an absolute advantage over Country B in the production of food and textiles. D. Country A is relatively more efficient than Country B in the production of textiles.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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