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.Canada 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.Canada has an absolute advantage in the production of

Quizplus · Accepted Answer

Canada can produce more wheat than India with the same amount of resources, indicating an absolute advantage in wheat production. However, Canada cannot produce more rice than India with the same amount of resources, indicating no absolute advantage in rice production.

The Following Production Possibilities Schedule Shows the Quantities of Wheat