-Refer to Table 3-2

question 42

Multiple Choice

-Refer to Table 3-2. What does each producer have a comparative advantage in?

• A) The rancher has a comparative advantage in neither good, and the farmer has a comparative advantage in both goods.
• B) The rancher has a comparative advantage in both goods, and the farmer has a comparative advantage in neither good.
• C) The rancher has a comparative advantage in meat, and the farmer has a comparative advantage in potatoes.
• D) The rancher has a comparative advantage in potatoes, and the farmer has a comparative advantage in meat.

---

Definitions:

External Secondary Data

External secondary data refers to data that was collected by someone else outside of the organization and is available for businesses to use for research purposes.

External Secondary Data

Information collected by someone other than the user, available from outside sources such as governments, institutions, and organizations.

Economic Census

A comprehensive survey conducted by a government that collects information about the economic activities of businesses and industries within its jurisdiction.

Secondary Data

Data that was collected by someone else for a different purpose, but is being utilized for another research or analysis.