The Table Below Shows Units of Wheat and Cloth Produced

question 39

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1 Refer to Table 20.1.Which of the following statements is true?

• A)India has an absolute advantage in the production of cloth.
• B)India has an absolute advantage in the production of both wheat and cloth.
• C)The U.S.has an absolute advantage in the production of wheat but not cloth.
• D)The U.S.has an absolute advantage the production of cloth but not wheat.
• E)The U.S.has an absolute advantage in the production of both wheat and cloth.

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Definitions:

Future Value

The value of an investment at a specified date in the future, considering interest or returns earned over time.

Present Values

A calculation that determines the present worth of a future sum of money or stream of cash flows, given a specified rate of return.

Technical Analysis

A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume.

Statistical Analysis

A method of collecting, reviewing, and interpreting data to discover patterns, correlations, or trends.