Scenario 17.1 the Data in the Table Tell Us That Both the Both

question 70

Multiple Choice

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, the United States has an absolute advantage in

• A) beef and an absolute disadvantage in wheat.
• B) wheat only.
• C) both wheat and beef.
• D) neither wheat nor beef.
• E) beef only.

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