In Exhibit 191, the United States has an absolute advantage in theproduction of both rice and tshirts.

Name: In Exhibit 191, the United States has an absolute advantage in theproduction of both rice and tshirts.
Brand: Quizplus
Rating: 5.0 (60 reviews)

Question

In Exhibit 19­1, the United States has an absolute advantage in theproduction of both rice and t­shirts.

Quizplus · Accepted Answer

An absolute advantage exists when one country is more efficient at producing a good or service than another country. In the given exhibit, the United States has lower opportunity costs in producing both rice and t-shirts than Vietnam, indicating an absolute advantage in both products.

In Exhibit 19­1, the United States Has an Absolute Advantage

In Exhibit 191, the United States Has an Absolute Advantage