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The Data in the Table Below Assumes That with the Same

question 61

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The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2 The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2   According to Table 20.2, Australia has an: A) absolute advantage in the production of only food. B) absolute advantage in the production of both food and computers. C) absolute disadvantage in the production of both food and computers. D) absolute advantage in the production of only computers. E) absolute disadvantage in the production of food. According to Table 20.2, Australia has an:


Definitions:

Grams

A unit of mass equal to one thousandth of a kilogram in the metric system, commonly used for measuring small quantities of material.

Centimeters

A unit of length in the metric system, equal to one hundredth of a meter.

Inches

A unit of length in the Imperial and US customary systems, equal to 1/12 of a foot.

Yards

A unit of measurement equal to 3 feet or 0.9144 meters.

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