Exhibit 2-11 Refer to exhibit 2-11.The United States has an absolute advantage in bothe the production of T-shirts and rice.

Name: Exhibit 2-11 Refer to exhibit 2-11.The United States has an absolute advantage in bothe the production of T-shirts and rice.
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Question

Exhibit 2-11   Refer to exhibit 2-11.The United States has an absolute advantage in bothe the production of T-shirts and rice.

Quizplus · Accepted Answer

The exhibit shows that the United States has a lower opportunity cost for producing both goods compared to Mexico, indicating an absolute advantage in both T-shirts and rice production.

Exhibit 2-11 Refer to Exhibit 2-11