Examlex

Solved

-Refer to Table 3-1

question 5

Multiple Choice

  -Refer to Table 3-1. What does each producer have an absolute or comparative advantage in? A)  The farmer has an absolute advantage in potatoes, and the rancher has a comparative advantage in meat. B)  The farmer has an absolute advantage in meat, and the rancher has a comparative advantage in potatoes. C)  The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in potatoes. D)  The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in meat.
-Refer to Table 3-1. What does each producer have an absolute or comparative advantage in?


Definitions:

Related Questions