Table 3-38
-Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. From this table, we know that Nebraska has an absolute advantage in the production of
A)corn and a comparative advantage in the production of soybean.
B)both goods and a comparative advantage in the production of soybeans.
C)corn and a comparative advantage in the production of corn.
D)both goods and a comparative advantage in the production of corn.

Question

​Table 3-38 
-​Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. From this table, we know that Nebraska has an absolute advantage in the production of
A)​corn and a comparative advantage in the production of soybean. 
B)​both goods and a comparative advantage in the production of soybeans. 
C)​corn and a comparative advantage in the production of corn. 
D)​both goods and a comparative advantage in the production of corn.

Quizplus · Accepted Answer

The Answer of ​Table 3-38 
-​Refer to Table 3-38. Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. From this table, we know that Nebraska has an absolute advantage in the production of
A)​corn and a comparative advantage in the production of soybean. 
B)​both goods and a comparative advantage in the production of soybeans. 
C)​corn and a comparative advantage in the production of corn. 
D)​both goods and a comparative advantage in the production of corn.

​Table 3-38 -​Refer to Table 3-38. Iowa and Nebraska Can Both Produce

Table 3-38 -Refer to Table 3-38. Iowa and Nebraska Can Both Produce