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This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of ...

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This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of ...

This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources.

	Cotton (bales)	Cocoa Beans (bushels)
Peru	2	4
Brazil	1	6

TABLE 19-4

Refer to Table 19-4. Compared with Peru, Brazil has

▸ an absolute and a comparative advantage in the production of cocoa beans.

▸ an absolute and a comparative advantage in the production of cotton.

▸ an absolute advantage in the production of cotton.

▸ an absolute, but not a comparative, advantage in the production of cocoa beans.

▸ a comparative but not absolute advantage in the production of cocoa beans.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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