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neverstopbelieb

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Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. Which of the following statements is 
true?


◦ The United States has both an absolute advantage and a comparative advantage in the production of soybeans and alfalfa.
◦ The United States has an absolute advantage in the production of soybeans and alfalfa, but a comparative advantage only in the production of soybeans.
◦ The United States has an absolute advantage in the production of soybeans and alfalfa, but a comparative advantage only in the production of alfalfa.
◦ 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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Marked as best answer by neverstopbelieb on Apr 19, 2019

angrybirds13579

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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itsmyluck

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Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. Which of the following statements is 
true?


◦ Only Canada can benefit from trade because the United States has an absolute advantage in the production of both soybeans and alfalfa.
◦ Trade will benefit both countries because the United States has a comparative advantage in the production of soybeans and Canada has a comparative advantage in the production of alfalfa.
◦ Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
◦ Trade will benefit neither country because the United States has an absolute advantage in the production of both soybeans and alfalfa, but Canada has a comparative advantage in the production of both soybeans and alfalfa.



mcabuhat

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Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.





MirandaLo

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Question 1

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. The opportunity cost of producing a bushel of alfalfa in the United States is


◦ twice as much as that in Canada.
◦ half as much as that in Canada.
◦ the same as that in Canada.
◦ four times as much as that in Canada.

Question 2

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. The opportunity cost of producing a bushel of alfalfa in the United States is


◦ half a bushel of soybeans.
◦ 1 bushel of soybeans.
◦ 2 bushels of soybeans.
◦ 300 bushels of soybeans.



janeli

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Answer 1

half as much as that in Canada.

Answer 2

half a bushel of soybeans.



Mimi

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Question 1

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. The opportunity cost of producing a bushel of alfalfa in Canada is


◦ half a bushel of soybeans.
◦ 1 bushel of soybeans.
◦ 2 bushels of soybeans.
◦ zero.

Question 2

Refer to the information provided in Figure 33.1 below to answer the question(s) that follow.





Refer to Figure 33.1. The opportunity cost of producing a bushel of soybeans in the United States is


◦ half a bushel of alfalfa.
◦ 1 bushel of alfalfa.
◦ 2 bushels of alfalfa.
◦ 300 bushels of alfalfa.



kardosa007

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Answer 1

1 bushel of soybeans.

Answer 2

2 bushels of alfalfa.



 

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