Argentina Can Produce 1 Ton of Meat (Beef)using 0

question 51

Multiple Choice

Argentina can produce 1 ton of meat (beef) using 0.1 years of labor.It can also produce 1 automobile using 2 years of labor.In order to produce 1 ton of beef,the United States uses 0.2 years of labor.It can produce an automobile using 1.5 years of labor.Argentina has

• A) an absolute advantage in the production of automobiles.
• B) an absolute advantage in the production of beef.
• C) a comparative advantage in the production of automobiles.
• D) a comparative advantage in the production of beef.
• E) None of the above

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Definitions:

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Impairments or reductions in the ability to see, ranging from slight vision loss to total blindness.

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An early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.

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A small, insectivorous bird often recognized by its bright red or orange breast.

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An egg-laying mammal native to Australia known for its unique appearance combining traits of both birds and mammals.