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Refer to the Information Provided in Figure 19

Question 83

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Refer to the information provided in Figure 19.1 below to answer the questions that follow.
Refer to the information provided in Figure 19.1 below to answer the questions that follow.    Figure 19.1 -Refer to Figure 19.1.Which of the following statements is TRUE? A) The United States has both an absolute advantage and a comparative advantage in the production of soybeans and alfalfa. B) The United States has an absolute advantage in the production of soybeans and alfalfa,but a comparative advantage only in the production of soybeans. C) The United States has an absolute advantage in the production of soybeans and alfalfa,but a comparative advantage only in the production of alfalfa. D) The United States has a comparative advantage in the production of both soybeans and alfalfa,but an absolute advantage only in the production of soybeans. Figure 19.1
-Refer to Figure 19.1.Which of the following statements is TRUE?


A) The United States has both an absolute advantage and a comparative advantage in the production of soybeans and alfalfa.
B) The United States has an absolute advantage in the production of soybeans and alfalfa,but a comparative advantage only in the production of soybeans.
C) The United States has an absolute advantage in the production of soybeans and alfalfa,but a comparative advantage only in the production of alfalfa.
D) The United States has a comparative advantage in the production of both soybeans and alfalfa,but an absolute advantage only in the production of soybeans.

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