The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 34.1
Which of the following can be inferred from the information provided in Table 34.1?
A) India has a comparative advantage in the production of wheat.
B) India has a comparative advantage in the production of both wheat and cloth.
C) It will be beneficial for the U.S.to produce and export wheat.
D) India will be better off by producing and exporting cloth.
E) The U.S.has a comparative 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
Q14: A country can benefit by indulging in
Q15: According to Table 34.1, the opportunity cost
Q16: 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
Q22: 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