Use the following to answer questions :
-(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. The United States has a comparative advantage in _____ and Mexico has a comparative advantage in _____.

Question

Use the following to answer questions : 
-(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. The United States has a comparative advantage in _____ and Mexico has a comparative advantage in _____.

Quizplus · Accepted Answer

The United States can produce more tractors with the same amount of resources compared to Mexico, indicating that it has a comparative advantage in producing tractors. On the other hand, Mexico can produce more crude oil with the same amount of resources compared to the United States, indicating that it has a comparative advantage in producing crude oil.

Use the Following to Answer Questions