Suppose an American worker can make 100 chairs or catch 1000 fish per day.A Chilean worker,on the other hand,can produce 40 chairs or catch 400 fish per day.The United States possesses a(n)_______________ advantage in chair production,but not a(n)______________ advantage in fish production.
A)absolute;comparative
B)comparative;absolute
C)absolute;absolute
D)comparative;comparative

Question

Quizplus · Accepted Answer

The United States can produce more chairs per day than Chile, so it has an absolute advantage in chair production. However, Chile can produce more fish per day than the United States, so the United States does not have an absolute advantage in fish production.

Suppose an American Worker Can Make 100 Chairs or Catch