(Table: Output in the United States and China) Which of the following statements is correct?
A) The United States has an absolute advantage in both apparel and wheat and a comparative disadvantage in wheat.
B) China has an absolute advantage in both apparel and wheat and a comparative advantage in apparel.
C) The United States has an absolute disadvantage in both apparel and wheat and a comparative advantage in wheat.
D) China has an absolute disadvantage in both apparel and wheat and a comparative advantage in apparel.
Correct Answer:
Verified
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