Question

Chart showing production of soybean and wheat in Argentina and Bolivia
Which of the following products does Argentina have an absolute advantage in production?

(2 points)

soybeans


wheat

neither soybeans nor wheat

both soybeans and wheat

Answer 1

I don't see the chart or the numbers. To answer I need the production amounts for soybeans and wheat in Argentina and Bolivia.

Quick guide so you can check yourself:
- Absolute advantage = the country that can produce more of a good with the same resources (or simply produces more output).
- Compare Argentina's soybean output to Bolivia's soybean output; the higher number has the absolute advantage in soybeans.
- Do the same for wheat.

Please paste the chart data (or the two countries' production numbers for soybeans and wheat) and I'll tell you which choice is correct.