The following production possibilities schedule shows the quantities of wheat and rice that can each be produced in Canada and India with one unit of equivalent resources. TABLE 32-2 Refer to Table 32-2.India has an absolute advantage in the production of

Question

The following production possibilities schedule shows the quantities of wheat and rice that can each be produced in Canada and India with one unit of equivalent resources.  TABLE 32-2 Refer to Table 32-2.India has an absolute advantage in the production of

Quizplus · Accepted Answer

India can produce more rice than Canada with the same amount of resources, indicating an absolute advantage in rice production.

The Following Production Possibilities Schedule Shows the Quantities of Wheat