
-In Table 17.1,
A) the United States has an absolute advantage in both goods but a comparative advantage in apples only.
B) Brazil has an absolute advantage in both goods but a comparative advantage in coffee only.
C) the United States has an absolute and comparative advantage in apples while Brazil has an absolute and comparative advantage in coffee.
D) the United States has an absolute and comparative advantage in both goods.
Correct Answer:
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Q11: Determining the comparative advantage of a country
Q12: In 2015, which of the following were
Q13: In 2015, the U.S. trade deficit with
Q14: The U.S. both imports and exports significant
Q15: In 2015, the trading partner to whom
Q17: In 2015, the U.S. imports from the
Q18: In 2015, imports made up _ percent
Q19: Between 1995 and 2015 the U.S. trade
Q20: In 2015, the U.S. experienced a deficit
Q21: ![]()
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