Multiple Choice
-Refer to Table 3-2. What does each producer have an absolute advantage in?
A) The farmer has an absolute advantage in meat, and the rancher has an absolute advantage in potatoes.
B) The farmer has an absolute advantage in neither, and the rancher has an absolute advantage in meat.
C) The farmer has an absolute advantage in potatoes good, and the rancher has an absolute advantage in both goods.
D) The farmer has an absolute advantage in potatoes, and the rancher has an absolute advantage in neither good.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q64: Figure 3-5<br>These graphs illustrate the production possibilities
Q65: Suppose that a worker in Cornland can
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q68: Figure 3-3<br>Ice cream and cones are measured