Which of the following statements about the graph shown here is false? O China has the absolute advantage in growing rice. O The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with China than if it tried to grow rice. If China trades rice for corn with the United States, it will be the only country to benefit
Which of the following statements about the graph shown here is false? O China has the absolute advantage in growing rice. O The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with China than if it tried to grow rice. If China trades rice for corn with the United States, it will be the only country to benefit
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Transcribed Image Text:Which of the following statements about the graph shown here is false?
O China has the absolute advantage in growing rice.
O The United States has the comparative advantage in growing corn.
The United States can obtain rice at a lower opportunity cost if it trades corn with China
than if it tried to grow rice.
If China trades rice for corn with the United States, it will be the only country to benefit
from the trade.
Transcribed Image Text:Corn
10
0
y
United States
China
X
Rice
Which of the following statements about the graph shown here is false?
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