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-Refer to Table 3-1

Question 5

Multiple Choice

-Refer to Table 3-1. What does each producer have an absolute or comparative advantage in? A) The farmer has an absolute advantage in potatoes, and the rancher has a comparative advantage in meat. B) The farmer has an absolute advantage in meat, and the rancher has a comparative advantage in potatoes. C) The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in potatoes. D) The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in meat.
-Refer to Table 3-1. What does each producer have an absolute or comparative advantage in?


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

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