The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.
The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
Problem 1CQQ
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