Business, 13.03.2020 21:39 Nobleufia

Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. Based upon the information in the table, we can determine thata. Iowa has an absolute advantage in corn and Nebraska has an absolute advantage in soybeans. b. Nebraska has an absolute advantage in corn and Iowa has an absolute advantage in soybeans. c. Iowa has an absolute advantage in both corn and soybeans. d. Nebraska has an absolute advantage in both corn and soybeans.

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