The Table Shows the Amount of Corn or Wheat That

question 11

Multiple Choice

The table shows the amount of corn or wheat that Mexico and Canada can produce using one day of labor. The country with an absolute advantage in producing corn is _____, and the country with an absolute advantage in producing wheat is _____.
$\begin{array}{c}\hline\quad\quad\quad\quad {\text { Output per Worker per Day }} \\\begin{array}{|c|c|c|}\hline \text { Country } & \text { Corn }\quad\quad\quad & \text { Wheat }\quad\quad\quad\quad \\\hline \text { Mexico } & 100 & 50 \\\hline \text { Canada } & 90 & 60 \\\hline\end{array}\end{array}$

• A) Mexico; Canada
• B) Canada; Mexico
• C) Mexico; Mexico
• D) Canada; Canada

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically for the financing of accounts receivable and inventories.

Short-Term Financing

Funding obtained for a period of one year or less, used to cover immediate needs such as working capital requirements.

Minimum Denomination

The smallest unit of value in which a security or financial instrument can be issued or traded.

Net Worth

The difference between an individual or household’s assets and liabilities.