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Scenario 17.1
The data in the table tell us that both the United States and Mexico produce wheat and beef. The United States can make 6 bushels of wheat or 1 pound of beef in a day. Mexico can make 2 bushels of wheat or 4 pounds of beef in a day.
-In the table in Scenario 17.1, Mexico has an absolute advantage in
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A set of values that show an exact position. On graphs, it usually refers to a pair of numbers that define a point in two-dimensional space.
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Standard quantities used to specify measurements.
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