Narrbegin Exhibit 18 -In Exhibit 18

question 20

Multiple Choice

Narrbegin Exhibit 18.3 Potatoes and wheat output (tonnes per day)
$$\begin{array} { | l | c | c | } \hline \text { Cuuntry } & \text { Putatoes } & \text { Wheat } \\\hline \text { Australia } & 4 & 2 \\\hline \text { Ireland } & 3 & 1 \\\hline\end{array}$$
-In Exhibit 18.3, Australia has an absolute advantage in producing:

• A) potatoes.
• B) wheat.
• C) both potatoes and wheat.
• D) neither potatoes nor wheat.

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Definitions:

New World

Historically refers to the Western Hemisphere, including the Americas, discovered by European navigators in the late 15th century.

Virginia Company

A joint-stock company chartered by James I of England in 1606 to establish settlements on the coast of North America.

Massachusetts Company

An English stock company chartered in 1629 for the colonization of Massachusetts Bay in New England and played a central role in the settlement of the region by Puritans.