Refer to the Information Provided in Figure 33

question 183

Multiple Choice

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow. Figure 33.1
-Refer to Figure 33.1. Which of the following statements is true?

• A) The United States has both an absolute advantage and a comparative advantage in the production of soybeans and alfalfa.
• B) The United States has an absolute advantage in the production of soybeans and alfalfa, but a comparative advantage only in the production of soybeans.
• C) The United States has an absolute advantage in the production of soybeans and alfalfa, but a comparative advantage only in the production of alfalfa.
• D) The United States has a comparative advantage in the production of both soybeans and alfalfa, but an absolute advantage only in the production of soybeans.

---

Definitions:

Automated Clearinghouses

Networks that facilitate electronic money transfers and automated payments between banks.