Table 34-3
The data in Table 34-3 indicate that the United States has

Question

Table 34-3
 The data in Table 34-3 indicate that the United States has

Quizplus · Accepted Answer

The data in Table 34-3 show that the United States has a lower opportunity cost for producing wheat compared to Mexico (1/2 vs 2/3), indicating a comparative advantage in wheat. The United States also has an absolute advantage in both goods, as it is able to produce more units of each good in a given amount of time. Therefore, option B is the correct choice.

Table 34-3 the Data in Table 34-3 Indicate That the United