Asked by Sarah Gascon on Jun 07, 2024

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According to the information contained in the table,Brazil has an absolute advantage in

A) coffee,while Columbia has an absolute advantage in hot dogs.
B) both coffee and hot dogs.
C) neither coffee nor hot dogs.
D) hot dogs,while Columbia has an absolute advantage in coffee.

Absolute Advantage

An economic term referring to the ability of a country, entity, or individual to produce a good or service more efficiently than its competitors using the same resources.

Brazilian Worker

A term that could refer to the labor force characteristics, working conditions, or socio-economic aspects of workers in Brazil, but lacks specificity without context.

Hot Dogs

A cooked sausage, usually grilled or steamed and served in a sliced bun as a fast food.

  • Contrast absolute and comparative advantages as they pertain to international trading activities.
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Verified Answer

DB
Dalila BustosJun 13, 2024
Final Answer :
B
Explanation :
Brazil produces more of both hot dogs (20 bushels vs. 15 bushels) and coffee (10 bushels vs. 5 bushels) than Colombia, indicating an absolute advantage in both goods.