​Table 3-38 -​Refer to Table 3-38. Iowa and Nebraska Can Both Produce

question 374

Multiple Choice

​Table 3-38
-​Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. From the table we know that Iowa has a

• A)​comparative advantage in the production of soybeans and Nebraska has a comparative advantage in the production of corn.
• B)​comparative advantage in the production of corn and Nebraska has a comparative advantage in the production of soybeans.
• C)​comparative advantage in both goods and Nebraska has a comparative advantage in neither good.
• D)​comparative advantage in neither good and Nebraska has a comparative advantage in both goods.

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Definitions:

First Amendment

A change to the U.S. Constitution that safeguards rights related to religious practice, speech, gathering, and petitioning the government.

Nonserious Interference

Minimal or insignificant disruption that does not constitute a legal nuisance or cause substantial harm to another's property rights.

Conversion

Conversion, in legal terms, refers to an act of wrongfully taking, using, or retaining possession of personal property belonging to another without permission.

Real Property

Land and anything permanently attached to it, such as buildings and other structures.