Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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