Question
In the world there are two countries and these countries are producing only two products. In the table the amount of inputs in the production
In the world there are two countries and these countries are producing only two products. In the table the amount of inputs in the production of the one unit of the product are given. Based on the table below which one of the following statements is correct?
|
| South Korea | Thailand |
| Mobile Phone | 9 | 11 |
| TV | 12 | 16 |
| Your answer: | |
|---|---|
| South Korea has absolute efficiency only in the production of TV | |
| Thailand has relative efficiency in the production of mobile phone | |
| Thailand has absolute efficiency only in the production of TV | |
| South Korea has relative efficiency in the production of mobile phone | |
| South Korea has absolute efficiency only in the production of mobile phone | |
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Ultimate Beginner S Guide To Real Estate Investment
Authors: Romanj V. Ivanov
1st Edition
979-8865988915
