SCENARIO: CHILE AND ARGENTINA

question 44

Multiple Choice

SCENARIO: CHILE AND ARGENTINA
Chile and Argentina each produce jellybeans and peanut butter, using
Labor as their only resource.Each country has 1,000 hours of labor.In
Chile, an hour produces a pound of jellybeans and 2 hours produce a
Pound of peanut butter.In Argentina, an hour produces a pound of
Jellybeans and 3 hours produces a pound of peanut butter.When they do
Not trade with each other, Chile consumes 600 pounds of jellybeans and
200 pounds of peanut butter, and Argentina consumes 400 pounds of
Jellybeans and 200 pounds of peanut butter.
Reference: Ref 2­10
(Scenario: Chile and Argentina) Which country has an absolute
Advantage in jellybean production?

• A)Chile
• B)Argentina
• C)Neither Argentina nor Chile has an absolute advantage.
• D)Both Argentina and Chile have an absolute advantage.

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Definitions:

Parallel Veins

Parallel veins refer to a vein pattern in plant leaves where the veins run parallel to each other lengthwise, typically found in monocot plants.

Monocot

Monocotyledon; flowering plant group; members have one embryonic leaf (cotyledon), parallel-veined leaves, scattered vascular bundles, flower parts in threes or multiples of three, and other characteristics.

Monocot

A group of flowering plants that are characterized by having a single seed leaf, or cotyledon, in addition to parallel leaf venation and scattered vascular bundles in stems.

Rhizoids

Thread-like structures that anchor nonvascular plants like mosses and liverworts to their substrates, but do not absorb nutrients like true roots.