The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources. TABLE 32-3 Refer to Table 32-3.Canada has an absolute advantage in the production of

Question

The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources.  TABLE 32-3 Refer to Table 32-3.Canada has an absolute advantage in the production of

Quizplus · Accepted Answer

Canada has a higher production capacity for both soybeans and oil compared to Mexico with the same amount of resources. This indicates that Canada has an absolute advantage in the production of both soybeans and oil. Therefore, the correct option is D.

The Following Production Possibilities Schedule Shows the Quantities of Soybeans