The Following Question Are Based on the Following Information

question 4

Multiple Choice

The following question are based on the following information. Country A can produce either 10,000 barrels of petroleum or 12,000 bushels of wheat with one unit of its resources. Country B can produce either 7,000 barrels of petroleum or 15,000 bushels of wheat with one unit of its resources.
-From this information,country

• A) A has an absolute advantage in petroleum.
• B) A has an absolute advantage in wheat.
• C) A has a comparative advantage in wheat.
• D) B has an absolute advantage in petroleum.
• E) B has a comparative advantage in petroleum.

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Definitions:

Progress Report

A document or update that outlines the status, developments, and achievements of a project or task over a certain period.

Memorandum

A written communication, often brief, used within an organization to convey information, directives, or policy updates.

Business Report

A formal document that presents information and analysis to assist in decision-making, often including findings, recommendations, and specific data.

Audience-focused

A type of communication or presentation style that is designed with the needs, interests, and reactions of the audience in mind.