A)
Use the table to answer the question.
Soybeans Wheat
Argentina 100 million tons 80 million tons
Bolivia 120 million tons 100 million tons
For which of the following does Bolivia have the absolute advantage in production?
(1 point)
wheat
soybeans
wheat and soybeans
neither product
A) A country can direct all of its resources to the production of either 5,000 computers or 20,000
books. Assuming that no economic growth will occur in the near future, and that the residents of
the country want to consume a combination of 3,500 computers and 8,000 books, which of the
following is correct? (1 point)
The country could only achieve this through trade.
The country could only achieve this through domestic product