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    Exam 3: Interdependence and the Gains from Trade.
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    Table 3-12 -Refer to Table 3-1.Relative to the Farmer,the Rancher Has an Farmer,the
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Table 3-12 -Refer to Table 3-1.Relative to the Farmer,the Rancher Has an Farmer,the

Question 214

Question 214

Multiple Choice

Table 3-12
Table 3-12    -Refer to Table 3-1.Relative to the farmer,the rancher has an absolute advantage in the production of A)  meat, but not in the production of potatoes. B)  potatoes, but not in the production of meat. C)  both meat and potatoes. D)  neither meat nor potatoes.
-Refer to Table 3-1.Relative to the farmer,the rancher has an absolute advantage in the production of


A) meat, but not in the production of potatoes.
B) potatoes, but not in the production of meat.
C) both meat and potatoes.
D) neither meat nor potatoes.

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