Exhibit 21-4  Coffee and Tea Output (Pounds Per Hour) as Shown

question 43

Multiple Choice

Exhibit 21-4  Coffee and tea output (pounds per hour) As shown in Exhibit 21-4, compared to Brazil, China has a comparative advantage in the production of:

• A) coffee.
• B) tea.
• C) both coffee and tea.
• D) neither coffee nor tea.

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Definitions:

Barber

A person whose profession involves cutting, dressing, grooming, styling and shaving men's and boys' hair or beards.

Purely Competitive

A market structure characterized by many small firms producing an identical product, where no single firm can influence the market price.

Wage Rate

The fixed amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour or year.