Exhibit 21-3 Potatoes and Wheat Output (Tons Per Day) In Exhibit 21-3, the United States Has an Absolute Advantage

question 96

Multiple Choice

Exhibit 21-3 Potatoes and wheat output (tons per day) $$\begin{array} { | l | c | c | } \hline \text { Country } & \text { Potatoes } & \text { Wheat } \\\hline \text { United States } & 4 & 2 \\\text { Ireland } & 3 & 1 \\\hline\end{array}$$ In Exhibit 21-3, the United States has an absolute advantage in producing:

• A) potatoes.
• B) wheat.
• C) both.
• D) neither.

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Definitions:

Marketing Mix

A blend of marketing variables typically categorized into four Ps: Product, Price, Place, and Promotion, used to achieve business objectives.

Target Markets

Segments of the consumer population that businesses aim to reach and influence through tailored marketing strategies.

Unpredictable

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