Question
Italy and the US can each produce Pasta and Pizza as follows: US Italy Pasta (per worker) 300 lbs 60 lbs Pizza (per worker) 500
Italy and the US can each produce Pasta and Pizza as follows:
US
Italy
Pasta (per worker)
300 lbs
60 lbs
Pizza (per worker)
500 pizzas
40 pizzas
Which of the following is true?
Group of answer choices
The US has an absolute and comparative advantage in the production of pizza and an absolute advantage in the production of pasta.
Italy has an absolute and comparative advantage in the production of pizza and the US has an absolute and comparative advantage in the production of pasta.
The US has an absolute and comparative advantage in the production of pizza and Italy has an absolute and comparative advantage in the production of pasta.
The US has an absolute and comparative advantage in the production of pasta and an absolute advantage in the production of pizza.
please answer all parts!
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Why Nations Fail The Origins Of Power, Prosperity, And Poverty
Authors: Daron Acemoglu, James Robinson
1st Edition
0307719227, 9780307719225
