Table 3-12

-Refer to Table 3-1.Relative to the farmer,the rancher has an absolute advantage in the production of
A) meat, but not in the production of potatoes.
B) potatoes, but not in the production of meat.
C) both meat and potatoes.
D) neither meat nor potatoes.

Question

Table 3-12
 
-Refer to Table 3-1.Relative to the farmer,the rancher has an absolute advantage in the production of
A) meat, but not in the production of potatoes. 
B) potatoes, but not in the production of meat. 
C) both meat and potatoes. 
D) neither meat nor potatoes.

Quizplus · Accepted Answer

The rancher can produce more meat with the same amount of resources than the farmer.

Table 3-12 -Refer to Table 3-1.Relative to the Farmer,the Rancher Has an Farmer,the