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Maximum Feasible Hourly Production Rates for Either

Question 272

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Maximum Feasible Hourly Production Rates for Either
Food or Cloth Using All Available Resources
Maximum Feasible Hourly Production Rates for Either Food or Cloth Using All Available Resources    -Using the data in the above table and assuming constant opportunity costs, it is correct to state that A) the United States has an absolute advantage in producing cloth. B) Mexico has a comparative advantage in producing food. C) the United States has a comparative advantage in producing both food and cloth. D) Mexico has an absolute advantage in producing both food and cloth.
-Using the data in the above table and assuming constant opportunity costs, it is correct to state that


A) the United States has an absolute advantage in producing cloth.
B) Mexico has a comparative advantage in producing food.
C) the United States has a comparative advantage in producing both food and cloth.
D) Mexico has an absolute advantage in producing both food and cloth.

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