The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1
-Which of the following can be inferred from the information provided in Table 20.1?
A) India has a comparative advantage in the production of wheat.
B) India has a comparative advantage in the production of both wheat and cloth.
C) It will be beneficial for the U.S.to produce and export wheat.
D) India will be better off by producing and exporting cloth.
E) The U.S.has a comparative advantage in the production of both wheat and cloth.
Correct Answer:
Verified
Q6: The table below shows units of wheat
Q13: Which of the following lists gives world
Q14: A country can benefit by indulging in
Q15: The table below shows units of wheat
Q16: Countries tend to export different goods and
Q17: The table below shows units of wheat
Q20: The theory of comparative advantage is based
Q21: The data in the table below assumes
Q22: The data in the table below assumes
Q23: The data in the table below assumes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents