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Table 3-1 -Refer to Table 3-1. Which of the Following Is Correct

Question 1

Multiple Choice

Table 3-1
Table 3-1 -Refer to Table 3-1. Which of the following is correct? A) The Farmer has an absolute advantage in meat, and the Rancher has an absolute advantage in potatoes. B) The Farmer has an absolute advantage in potatoes, and the Rancher has an absolute advantage in meat. C) The Farmer has an absolute advantage in meat, and the Rancher has an absolute advantage in meat. D) The Farmer has an absolute advantage in neither good, and the Rancher has an absolute advantage in both goods.
-Refer to Table 3-1. Which of the following is correct?


A) The Farmer has an absolute advantage in meat, and the Rancher has an absolute advantage in potatoes.
B) The Farmer has an absolute advantage in potatoes, and the Rancher has an absolute advantage in meat.
C) The Farmer has an absolute advantage in meat, and the Rancher has an absolute advantage in meat.
D) The Farmer has an absolute advantage in neither good, and the Rancher has an absolute advantage in both goods.

Correct Answer:

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