Multiple Choice
Table 3-2
-Refer to Table 3-2. Which of the following is correct?
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 neither good, and the Farmer has a comparative advantage in potatoes.
Correct Answer:
Verified
Correct Answer:
Verified
Q97: Adam Smith developed the theory of comparative
Q128: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q143: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6
Q144: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-5
Q145: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2
Q149: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q150: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-4
Q151: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1
Q152: What could benefit Canada?<br>A)By restricting imports and
Q153: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-6