-Refer to Table 3-2

question 152

Multiple Choice

-Refer to Table 3-2. What does each producer have an absolute or comparative advantage in?

• A) The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in meat.
• B) The farmer has an absolute advantage in meat, and the rancher has a comparative advantage in potatoes.
• C) The farmer has an absolute advantage in potatoes, and the rancher has a comparative advantage in meat.
• D) The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in potatoes.

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Definitions:

Natural Superiority

The belief in the inherent superiority of certain individuals, groups, or races over others, often without scientific basis.

Stereotype

A label that may have some basis in fact, but that has been grossly over-generalized and applied to a particular segment of the population or situation.

Overgeneralizations

Cognitive distortions where an individual applies a general rule too broadly, often leading to inaccurate conclusions or stereotypes.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural population, and bilingual nature (English and French being official languages).