Multiple Choice
-Refer to Table 3-1. What does each producer have a comparative advantage in?
A) The rancher has a comparative advantage in neither good, and the farmer has a comparative advantage in both goods.
B) The rancher has a comparative advantage in both goods, and the farmer has a comparative advantage in neither good.
C) The rancher has a comparative advantage in meat, and the farmer has a comparative advantage in potatoes.
D) The rancher has a comparative advantage in potatoes, and the farmer has a comparative advantage in meat.
Correct Answer:
Verified
Correct Answer:
Verified
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