Multiple Choice
Table 3-2
-Refer to Table 3-2. Which of the following is correct?
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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