Table 3-1 -Refer to Table 3-1. Which of the Following Is Correct

question 196

Multiple Choice

Table 3-1

-Refer to Table 3-1. Which of the following is correct?

• A)The Farmer has an absolute advantage in potatoes, 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 neither good, and the Rancher has a comparative advantage in potatoes.
• D)The Farmer has an absolute advantage in neither good, and the Rancher has a comparative advantage in meat.

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Definitions:

Inches

A unit of measurement in the Imperial system equal to 1/12th of a foot.

Gold Rope

Generally refers to a type of jewelry chain made of gold, characterized by links that form a spiral or twisted pattern.

Centimeters

A measurement of distance in the metric system that is equivalent to 0.01 meters.

Inches

A unit of measurement in the imperial and United States customary systems, equivalent to 1/12 of a foot.