Multiple Choice
Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A) China has a comparative advantage in computers.
B) China has both an absolute and comparative advantage in soybeans.
C) The United States has a comparative advantage in both goods.
D) The United States has an absolute advantage in both goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Two countries with differing comparative advantages may
Q33: The primary purpose of NAFTA is to<br>A)
Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5717/.jpg" alt=" If the two
Q45: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5717/.jpg" alt=" Using Figure 35.2,
Q51: If exports are being excluded unfairly from
Q58: Specialization in production<br>A)Decreases total world output.<br>B)Increases output.<br>C)Reduces
Q67: Protectionism achieves which of the following goals?<br>A)Greater
Q105: From a consumer's viewpoint,which of the following
Q119: Assume the United States and Australia have
Q149: A World View titled "Export Ratios" examines