Refer to the information provided in Figure 19.1 below to answer the questions that follow.
Figure 19.1
-Refer to Figure 19.1.Which of the following statements is TRUE?

Question

Refer to the information provided in Figure 19.1 below to answer the questions that follow.
  Figure 19.1
-Refer to Figure 19.1.Which of the following statements is TRUE?

Quizplus · Accepted Answer

According to the information provided in Figure 19.1, the United States has an absolute advantage in the production of both soybeans and alfalfa. However, the opportunity cost of producing soybeans in the United States is higher compared to that of producing alfalfa. Therefore, the United States has a comparative advantage only in the production of alfalfa. Thus, option C is the correct answer.

Refer to the Information Provided in Figure 19