43) The figure shows how much a worker can produce in one day. Which of the following statements about absolute advantage is true?
Answer is:
Australia has an absolute advantage in the production of both food and electronics
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
4 units of food.
Answer is:
2 units of food
Answer is:
1/4 of a unit of electronics.
Answer is: