Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can produce 36 units of food per year or 18 units of clothing. Which of the following is true? Alland has an absolute but not a comparative advantage in producing food. Alland has both an absolute and a comparative advantage in producing food. Georgeland has both an absolute and a comparative advantage in producing clothing. ● Georgeland has an absolute but not a comparative advantage in producing clothing.

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can produce 36 units of food per year or 18 units of clothing. Which of the following is true? Alland has an absolute but not a comparative advantage in producing food. Alland has both an absolute and a comparative advantage in producing food. Georgeland has both an absolute and a comparative advantage in producing clothing. ● Georgeland has an absolute but not a comparative advantage in producing clothing.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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