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-Refer to Table 3-1

Question 114

Multiple Choice

-Refer to Table 3-1. What does each producer have an absolute or comparative advantage in? A) The rancher has an absolute advantage in both goods, and the farmer has a comparative advantage in meat. B) The rancher has an absolute advantage in meat, and the farmer has a comparative advantage in potatoes. C) The rancher has an absolute advantage in meat, and the farmer has a comparative advantage in neither good. D) The rancher has an absolute advantage in both goods, and the farmer has a comparative advantage in potatoes.
-Refer to Table 3-1. What does each producer have an absolute or comparative advantage in?


A) The rancher has an absolute advantage in both goods, and the farmer has a comparative advantage in meat.
B) The rancher has an absolute advantage in meat, and the farmer has a comparative advantage in potatoes.
C) The rancher has an absolute advantage in meat, and the farmer has a comparative advantage in neither good.
D) The rancher has an absolute advantage in both goods, and the farmer has a comparative advantage in potatoes.

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