Suppose Mexico can produce either 2 million tomato plants or 2 million cannabis plants while the United States can produce 4 million tomato plants or 4 million cannabis plants during the same time period. Which country has the absolute advantage in​ tomatoes?   A. Neither   B. Mexico   C. United States   Who has the absolute advantage in​ cannabis?   A. United States   B. Mexico   C. Neither   Which country has the comparative advantage in​ tomatoes?   A. United States   B. Mexico   C. Neither

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose Mexico can produce either 2 million tomato plants or 2 million cannabis plants while the United States can produce 4 million tomato plants or 4 million cannabis plants during the same time period. Which country has the absolute advantage in​ tomatoes?

 

A. Neither

 

B. Mexico

 

C. United States

 

Who has the absolute advantage in​ cannabis?

 

A. United States

 

B. Mexico

 

C. Neither

 

Which country has the comparative advantage in​ tomatoes?

 

A. United States

 

B. Mexico

 

C. Neither

 

Which country has the comparative advantage in​ cannabis?

 

A. Neither

 

B. United States

 

C. Mexico

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