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:

Particular Expertise

Particular Expertise refers to specialized knowledge or skill in a specific area, often acquired through education, training, or extensive experience.

Doctor

A professional who is qualified to treat people who are ill, specializing in diagnosing and providing treatments to promote and restore health.

Negligent Misstatement

A false statement made carelessly that results in someone suffering loss or damage, leading to potential legal liability for the speaker.

Canada

Canada is a country in North America, known for its diverse culture, natural landscapes, and as the second-largest country by area in the world.