Use the Graph Below to Answer

question 30

Multiple Choice

Use the graph below to answer questions
-Refer to the graph showing the production possibilities for two countries, A and B.Which statement is correct?

• A)Country A has comparative advantage in producing coffee
• B)Country A has absolute advantage in producing coffee
• C)Country B has comparative advantage in producing tractors
• D)Country B has absolute advantage in producing tractors

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Definitions:

Independent Events

Events whose occurrence or outcome is not influenced by one another; the outcome of one event does not affect the outcome of another.

Mutually Exclusive Events

Two or more events that cannot occur at the same time within a given experimental setup.

Mutually Exclusive Events

Two events that cannot occur at the same time.

Dependent Events

Events whose occurrence or outcome is influenced by other events.