Table 3-1 -According to Table 3-1:
A)the Cattle Farmer Has a Comparative

question 123

Multiple Choice

Table 3-1
$\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make } 1 \mathrm{~kg} \text { of: }&&\text { Kgs produced in } 20 \text { hours: }\\\hline & \text { Meat } & \text { Potatoes } & \text { Meat } & \text { Potatoes } \\\hline \text { Potato farmer } & 10 & 5 & 2 & 4 \\\hline \text { Zattle farmer } & 4 & 1 & 5 & 20 \\\hline\end{array}$
-According to Table 3-1:

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

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Definitions:

Consumer Spending

The total amount of money spent by households and consumers on goods and services.

Transportation

Transportation refers to the movement of goods and people from one location to another through various means including road, rail, air, and sea.

Food And Beverages

Products that encompass all consumables (foods and drinks) prepared for human consumption.

CPI

This index, known as the Consumer Price Index, evaluates the price variation of a diversified basket of consumer goods and services, factoring in food, transport, and healthcare, by employing a weighted average method.