Question 1
Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Refer to Table 33.5. ________ has a comparative advantage in tea and ________ has an absolute advantage in tea.
◦ India; neither
◦ Neither; neither
◦ Vietnam; neither
◦ Vietnam; India
Question 2
Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Refer to Table 33.5. If both countries specialize and trade with each other, Vietnam will export ________ and India will import ________.
◦ tea; cashews
◦ cashews; tea
◦ cashews; cashews
◦ tea; tea
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