Use the Production Possibilities Data Below to Answer the Following

question 44

Multiple Choice

Use the production possibilities data below to answer the following question(s) .
Table 2-3

-Refer to Table 2-3. The rancher has a comparative advantage in

• A) neither good, and the farmer has a comparative advantage in both goods.
• B) both goods, and the farmer has a comparative advantage in neither good.
• C) potatoes, and the farmer has a comparative advantage in meat.
• D) meat, and the farmer has a comparative advantage in potatoes.

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Definitions:

Patent Applications

Formal requests for the grant of a patent, submitted to a patent office, to claim the inventor's right to the exclusive use of an invention.

Politicians

Individuals who are actively involved in politics, especially as elected officials, working within the governmental system to shape and implement policy.

Corrupt

Description of actions or individuals involved in dishonest or fraudulent practices, especially those in power.

English Monarchs

The sovereign heads of state of England, ruling over the country during its monarchy periods, historical and current.