Multiple Choice
Table 3-1
-According to Table 3-1:
A) the cattle farmer has a comparative advantage in potatoes, and the potato farmer has a comparative advantage in meat
B) the cattle farmer has a comparative advantage in both goods, and the potato farmer has a comparative advantage in neither goods
C) the cattle farmer has a comparative advantage in meat, and the potato farmer has a comparative advantage in potatoes
D) the cattle farmer has a comparative advantage in neither goods, and the potato farmer has a comparative advantage in both goods
Correct Answer:

Verified
Correct Answer:
Verified
Q118: Imports arise because:<br>A)the importing country can produce
Q119: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q120: The principle of comparative advantage was developed
Q121: Differences in opportunity cost and comparative advantage
Q122: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q124: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q125: Economists' support of trade restrictions is still
Q126: Table 3-2<br> <span class="ql-formula" data-value="\begin{array}{|c|c|c|c|c|}\hline&\text
Q127: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q128: If one country can produce all goods