Although It Lacks Sources of Timber and Oil, Chablis Has

question 31

Multiple Choice

Although it lacks sources of timber and oil, Chablis has a plentiful supply of grapes for its many wineries. Which statement about Chablis is true?

• A) It has a comparative advantage in wine production.
• B) It has a comparative advantage in timber and oil production.
• C) It has an absolute advantage in the production of wine.
• D) It has an absolute advantage in timber and oil production.
• E) It has no comparative or absolute advantages.

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Definitions:

Ethylethanoate

Also known as ethyl acetate, an organic compound used as a solvent in many applications due to its pleasant smell and quick evaporation.

Methylethanoate

An ester formed from methanol and acetic acid, known for its fruity smell and used in the manufacture of flavors and fragrances.

Ethylmethanoate

A chemical compound more commonly known as ethyl formate, an ester formed from ethanol and formic acid with the formula C3H6O2.