Multiple Choice
If the United States could produce 4 tons of potatoes or 2 tons of wheat per worker per year, while Ireland could produce 2 tons of potatoes or 3 tons of wheat per worker per year, the country with the comparative advantage in producing potatoes is ____ and the country with the absolute advantage in producing potatoes is ____.
A) the United States; the United States
B) the United States; Ireland
C) Ireland; the United States
D) Ireland; Ireland
Correct Answer:

Verified
Correct Answer:
Verified
Q136: Politicians often argue for tariff increases in
Q137: Assume that one day's labor in England
Q138: If two countries each are currently producing
Q139: Exhibit 18-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 18-6
Q140: The net loss in welfare from a
Q142: Exhibit 18-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 18-5
Q143: Which of the following would be expected
Q144: The supply and demand mechanism will bring
Q145: Iceland can produce 32 units of food
Q146: Exhibit 18-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 18-6