Exhibit 19-2

-In Exhibit 19-2, the United States has an absolute advantage in the production of both rice and t-shirts.

Name: Exhibit 19-2 -In Exhibit 19-2, the United States has an absolute advantage in the production of both rice and t-shirts.
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Question

Exhibit 19-2
 
-In Exhibit 19-2, the United States has an absolute advantage in the production of both rice and t-shirts.

Quizplus · Accepted Answer

According to the information given in Exhibit 19-2, the United States has a lower opportunity cost for producing both rice and t-shirts compared to the other country, indicating an absolute advantage in both goods.

Exhibit 19-2 -In Exhibit 19-2, the United States Has an Absolute Advantage