Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:
A. Willy has an absolute advantage in producing apples but not carrots.
B. Willy has an absolute advantage in producing carrots but not apples.
C. Willy has an absolute advantage in producing both goods.
D. Willy does not have an absolute advantage in producing either good.
Answer:C
Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:
A. Willy has an absolute advantage in producing apples but not carrots. B. Willy has an absolute advantage in producing carrots but not apples. C. Willy has an absolute advantage in producing both goods. D. Willy does not have an absolute advantage in producing either good.