Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2 $$\begin{array} { c c c c }
\hline & \text { China } &\quad\quad\quad\quad\quad\quad { \text { Thailand } } \
\text { Tractors } & \text { Motorcycles } & \text { Tractors } & \text { Motorcycles } \
\hline 0 & 300 & 0 & 300 \
5 & 250 & 5 & 225 \
10 & 200 & 10 & 150 \
15 & 150 & 15 & 75 \
20 & 100 & 20 & 0 \
25 & 50 & - & - \
30 & 0 & - & - \
\hline
\end{array}$$
-Refer to Table 20.2. ________ has a comparative advantage in motorcycles and ________ has an absolute advantage in motorcycles.
A) China; neither
B) Neither; neither
C) Thailand; neither
D) Thailand; China

Question

Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2 $$\begin{array} { c c c c } 
\hline & \text { China } &\quad\quad\quad\quad\quad\quad  { \text { Thailand } } \
\text { Tractors } & \text { Motorcycles } & \text { Tractors } & \text { Motorcycles } \
\hline 0 & 300 & 0 & 300 \
5 & 250 & 5 & 225 \
10 & 200 & 10 & 150 \
15 & 150 & 15 & 75 \
20 & 100 & 20 & 0 \
25 & 50 & - & - \
30 & 0 & - & - \
\hline
\end{array}$$
-Refer to Table 20.2. ________ has a comparative advantage in motorcycles and ________ has an absolute advantage in motorcycles.
A) China; neither
B) Neither; neither
C) Thailand; neither
D) Thailand; China

Quizplus · Accepted Answer

Thailand has a comparative advantage in motorcycles because it gives up fewer tractors to produce motorcycles compared to China. Neither country has an absolute advantage in motorcycles since they both can produce the same maximum number of motorcycles (300).

Refer to the Information Provided in Table 20 -Refer to Table 20