

-According to the data in Table 17.1, the United States has an absolute advantage in producing
A) machinery, but not food.
B) food, but not machinery.
C) neither machinery nor food.
D) food and a comparative advantage in producing machinery.
E) both machinery and food.
Correct Answer:
Verified
Q14: Q15: Q16: A country has a comparative advantage when Q17: A country has an absolute advantage when Q18: If firms in the United States can Q20: Comparative advantage is an advantage derived from Q21: The Ricardian model of international trade is Q22: Comparative advantage due to productivity differences between Q23: Workers in industrial countries earn much higher Q24: Scenario 17.1![]()
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A)
The data in the table tell
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