Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A) China has a comparative advantage in computers.
B) China has both an absolute and comparative advantage in soybeans.
C) The United States has a comparative advantage in both goods.
D) The United States has an absolute advantage in both goods.

Question

Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A) China has a comparative advantage in computers. 
B) China has both an absolute and comparative advantage in soybeans. 
C) The United States has a comparative advantage in both goods. 
D) The United States has an absolute advantage in both goods.

Quizplus · Accepted Answer

The Answer of  Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A) China has a comparative advantage in computers. 
B) China has both an absolute and comparative advantage in soybeans. 
C) The United States has a comparative advantage in both goods. 
D) The United States has an absolute advantage in both goods.

Based on the Information in Table 35