The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 34.1
Refer to Table 34.1.Which of the following statements is true?
A) India has an absolute advantage in the production of cloth.
B) India has an absolute advantage in the production of both wheat and cloth.
C) The U.S.has an absolute advantage in the production of wheat but not cloth.
D) The U.S.has an absolute advantage the production of cloth but not wheat.
E) The U.S.has an absolute advantage in the production of both wheat and cloth.
Correct Answer:
Verified
Q1: The table given below shows the absolute
Q11: Nations trade what they produce in excess
Q12: The table below shows units of wheat
Q13: Which of the following lists gives world
Q14: A country can benefit by indulging in
Q15: According to Table 34.1, the opportunity cost
Q17: The table below shows units of wheat
Q19: According to Table 34.1, the opportunity cost
Q20: The table below shows units of wheat
Q21: The data in the table below assumes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents