The production possibilities schedules and curves for farms in Idaho and Iowa are shown below.

________ has the absolute advantage in producing alfalfa and ________ has the absolute advantage in producing corn.The state with the lower opportunity cost for producing a ton of alfalfa is ________,so the state with the comparative advantage in producing alfalfa is ________.

Question

The production possibilities schedules and curves for farms in Idaho and Iowa are shown below.

________ has the absolute advantage in producing alfalfa and ________ has the absolute advantage in producing corn.The state with the lower opportunity cost for producing a ton of alfalfa is ________,so the state with the comparative advantage in producing alfalfa is ________.

Quizplus · Accepted Answer

The Answer of The production possibilities schedules and curves for farms in Idaho and Iowa are shown below.

________ has the absolute advantage in producing alfalfa and ________ has the absolute advantage in producing corn.The state with the lower opportunity cost for producing a ton of alfalfa is ________,so the state with the comparative advantage in producing alfalfa is ________.

The Production Possibilities Schedules and Curves for Farms in Idaho