Table 351 Based on the Information in Table 35

question 145

Multiple Choice

Table 35.1 $$\begin{array} { | l | c | c | } \hline { \text { Country } } & \text { Tons of Soybeans } & \text { Computer } \\\hline \text { China } & 100 & 300 \\\hline \text { United States } & 150 & 750 \\\hline\end{array}$$ Based on the information in Table 35.1,assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.From the information in Table 35.1,it is clear that

• A)China has a comparative advantage in computers.
• B)China has both an absolute and comparative advantage in soybeans.
• C)The United States has a comparative advantage in both goods.
• D)The United States has an absolute advantage in both goods.

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Definitions:

Standard Deviation

A statistic that quantifies the dispersion of dataset relative to its mean, showcasing how spread out the data points are.

Mean Shoe Life

The average lifespan of a shoe, measured by duration of usage before it becomes unwearable, typically calculated from a sample.

Marathon Training

A structured program of physical exercises and running practice aimed at preparing an individual to complete a marathon.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the members of the set diverge from the mean.