Refer to the information provided in Figure 20.1 below to answer the question(s) that follow. Figure 20.1
-Refer to Figure 20.1. Canada has ________ advantage in the production of soybeans and ________ advantage in the production of alfalfa.
A) a comparative; an absolute
B) a comparative; neither a comparative nor absolute
C) neither a comparative nor absolute; neither a comparative nor absolute
D) an absolute; a comparative

Question

Refer to the information provided in Figure 20.1 below to answer the question(s) that follow.  Figure 20.1
-Refer to Figure 20.1. Canada has ________ advantage in the production of soybeans and ________ advantage in the production of alfalfa.
A) a comparative; an absolute 
B) a comparative; neither a comparative nor absolute 
C) neither a comparative nor absolute; neither a comparative nor absolute 
D) an absolute; a comparative

Quizplus · Accepted Answer

Canada has a comparative advantage in the production of soybeans if it can produce soybeans at a lower opportunity cost than other countries. However, it has neither a comparative nor absolute advantage in the production of alfalfa if it cannot produce it more efficiently or at a lower opportunity cost than others.

Refer to the Information Provided in Figure 20