Suppose an American worker can make 100 chairs or catch 1000 fish per day.On the other hand,a Chilean worker 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 has an absolute advantage in chair production because it can produce more chairs per day than Chile. However, the United States does not have an absolute advantage in fish production because it can catch fewer fish per day than Chile.

Suppose an American Worker Can Make 100 Chairs or Catch