Economics MCQ The Economics Problem Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table gives their production possibilities:

Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table gives their production possibilities:

Naim 11:22 The Economics Problem

Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table gives their production possibilities:

A) Blue Violet has a comparative advantage in teapots.
B) Both have a comparative advantage in teapots.
C) Sweet Pansy has an absolute advantage in teapots.
D) Sweet Pansy has a comparative advantage in teapots.

Answer: A

Economics MCQ

Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table gives their production possibilities:

Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table gives their production possibilities:

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