Question: Labour hours needed to make one unit:Amount produced in 2 4 hours: BasketsBirdhousesBasketsBirdhousesAlberta 6 2 4 1 2 Manitoba 3 4 8 6 Refer to

Labour hours needed to make one unit:Amount produced in 24 hours: BasketsBirdhousesBasketsBirdhousesAlberta62412Manitoba3486Refer to the table 3-4. Who has an absolute advantage in the production of each good?Select one:a.Alberta has an absolute advantage in neither good, and Manitoba has an absolute advantage in both goods.b.Alberta has an absolute advantage in baskets, and Manitoba has an absolute advantage in birdhouses.c.Alberta has an absolute advantage in birdhouses, and Manitoba has an absolute advantage in baskets.d.Alberta has an absolute advantage in both goods, and Manitoba has an absolute advantage in neither good.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Labour hours needed to make one unit:Amount produced in 2 4 hours: BasketsBirdhousesBasketsBirdhousesAlberta 6 2 4 1 2 Manitoba 3 4 8 6 Refer to the table 3 - 4 . Who has an absolute advantage in the...

Q:

Question 1 Figure 3-3 Not yet answered Ice cream and cones are measured in kilograms. Marked out of Ben Jerry 1.00 Cones Cones Flag question LA 0 2 Ice Cream Ice Cream Refer to Figure 3-3. For Jerry,...

Q:

Table 3-3 Labour hours needed to make one Amount produced in 40 hours: unit: Sweater Coat Sweater Coat Maria 40 5 Courtney 20 5 2 Refer to Table 3-3. What is the opportunity cost of one coat for...

Q:

question 1 Table 3-5 Labour hours needed to make one unit: Amount produced in 40 hours: Cheese Bread Cheese Bread England 1 2 40 20 Spain 2 8 20 5 Refer to Table 3-5. Which country has an absolute...

Q:

Question 1 Figure 2-3 Not yet answered Tractors Marked out of 1.00 B Flag question . D Tubas Refer to Figure 2-3. Which point or points are inefficient? O a. point D O b. point C O c. points D and C...

Q:

Table 3-4 Labour hours needed to make one unit: Amount produced in 24 hours: Baskets Birdhouses Baskets Birdhouses tron Alberta 6 4 12 Manitoba CY CO Refer to the table. Who has an absolute advantage...

Q:

1. The production possibilities frontier illustrates A. the combinations of output that an economy should produce. B. the combinations of output that an economy should consume. C. the combinations of...

Q:

Table 3-4 Labour hours needed to make one unit: Amount produced in 24 hours: Baskets Birdhouses Baskets Birdhouses Alberta 12 Manitoba Refer to the table. If Alberta and Manitoba trade based on the...

Q:

Labour hours needed to make one unit: Amount produced in 24 hours: Baskets Birdhouses Baskets Birdhouses Alberta 2 4 12 Manitoba 3 8 6 Refer to the table. What is the opportunity cost of one...

Q:

ABE 204 Practice Exam 1 The Agriculture Sector, Ch. 0, and Chapters 1, 2, 3 and 4 i have an exam on elementary logic for philosophy i need answer for my questions . Name ABE 204 Practice Exam 1 The...

Q:

The following data show how the marginal external benefit and marginal private benefit associated with a soil treatment agent to control Japanese beetles vary with the gallons of the control agent...

Q:

License records in a county reveal that 15% of cars are subcompacts (1), 25% are compacts (2), 40% are midsize (3), and the rest are an assortment of other styles and models (4). A random sample of...

Q:

Chapter 1 TRP 1 . 3 durling the your. In Xiang in single and lives at 2 4 6 4 North Lake Moad in Deerwood, MW SHALL Her SSN is 4 0 - 3 4 - 5 6 P 2 She worked the entire year for labeland Automotive....

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...