Say that Alland can produce 24 units of food per person per year or 6 units of clothing per person per year, but Georgeland can produce 36 units of food per year or 6 units of clothing. Which of the following is true? Georgeland has a comparative advantage, but not an absolute advantage, in producing food. Georgeland has both a comparative and absolute advantage in producing food. Alland has both absolute advantage and comparative advantage, in producing food.

Say that Alland can produce 24 units of food per person per year or 6 units of clothing per person per year, but Georgeland can produce 36 units of food per year or 6 units of clothing. Which of the following is true? Georgeland has a comparative advantage, but not an absolute advantage, in producing food. Georgeland has both a comparative and absolute advantage in producing food. Alland has both absolute advantage and comparative advantage, in producing food.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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