Refer to the Information Provided in Table 19

question 41

Multiple Choice

Refer to the information provided in Table 19.1 below to answer the questions that follow.
Table 19.1

-Refer to Table 19.1.Mexico has

• A)a comparative advantage but not an absolute advantage in orange production.
• B)a comparative advantage but not an absolute advantage in banana production.
• C)an absolute advantage and a comparative advantage in banana production.
• D)an absolute advantage and a comparative advantage in orange production.

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Definitions:

Experience

The knowledge or skill acquired by direct observation, participation, or event occurrence over time.

Judgment

The ability to make considered decisions or come to sensible conclusions based on available information.

Compliance

The act of adhering to rules, standards, or laws set by governing bodies or organizational policies.

Duty

A moral or legal obligation to perform or refrain from performing a certain action; often relates to roles in jobs or society.