Solved

-Refer to Table 3-2

Question 30

Multiple Choice

-Refer to Table 3-2. What does each producer have an absolute advantage in? A) The farmer has an absolute advantage in meat, and the rancher has an absolute advantage in potatoes. B) The farmer has an absolute advantage in neither, and the rancher has an absolute advantage in meat. C) The farmer has an absolute advantage in potatoes good, and the rancher has an absolute advantage in both goods. D) The farmer has an absolute advantage in potatoes, and the rancher has an absolute advantage in neither good.
-Refer to Table 3-2. What does each producer have an absolute advantage in?


A) The farmer has an absolute advantage in meat, and the rancher has an absolute advantage in potatoes.
B) The farmer has an absolute advantage in neither, and the rancher has an absolute advantage in meat.
C) The farmer has an absolute advantage in potatoes good, and the rancher has an absolute advantage in both goods.
D) The farmer has an absolute advantage in potatoes, and the rancher has an absolute advantage in neither good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: -Refer to Table</p></div><svg width=

Q26: -Refer to Table</p></div><svg width=

Q27: -Refer to Table</p></div><svg width=

Q28: Figure 3-2 Figure 3-2 </p></div><svg width=

Q29: Figure 3-2 Figure 3-2 </p></div><svg width=

Q31: -Refer to Table</p></div><svg width=

Q32: -Refer to Table</p></div><svg width=

Q33: Figure 3-2 Figure 3-2 </p></div><svg width=

Q34: Figure 3-1 Figure 3-1 </p></div><svg width=

Q35: Figure 3-1 Figure 3-1 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents