Suppose an American Worker Can Make 100 Chairs or Catch

question 87

Multiple Choice

Suppose an American worker can make 100 chairs or catch 1,000 fish per day.A Chilean worker,on the other hand,can produce 40 chairs or catch 400 fish per day.Which of the following statements is true?

• A) The United States has the comparative advantage in chair production.
• B) Chile has the comparative advantage in chair production.
• C) Both the United States and Chile have a comparative advantage in chair production.
• D) Neither the United States nor Chile has a comparative advantage in chair production.

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Definitions:

Food Production

The practices involved in cultivating plants and raising animals to provide food and other agricultural products.

State Religions

Religions that are officially endorsed and supported by a country's government.

Worldview

The comprehensive perspective through which an individual or group interprets and interacts with the world.

Collective Body

An organization or group of people who act as a single entity to achieve shared goals or undertake activities.