The Table Given Below Represents Butter and Ham Production by Two

question 41

Multiple Choice

The table given below represents butter and ham production by two countries Norway and Sweden. Table 2.5

-According to Table 2.5,Norway has a comparative advantage in _____ and an absolute advantage in _____.

• A)butter and ham; butter
• B)ham; butter
• C)nothing; butter
• D)ham; nothing
• E)butter; ham

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Definitions:

Sufficient Time

Proper or adequate amount of time needed to complete a task or process.

Grinding Machine

A machine tool that uses an abrasive wheel as a cutting tool to shape or finish metals or other materials.

Existing Capacity

The maximum output that a facility can produce under normal working conditions within a given period.

Milling Machines

Mechanical tools or devices used for shaping and machining solid materials through cutting or grinding.