27 multiple choice questions

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19.

For the next nine questions, refer to the table above. Nebraska and Virginia each have 100

acres of farmland. The table gives the hypothetical figures for yield per acre in the two

states. Who has the absolute advantage in the production of wheat?

A) Nebraska

B) Virginia

C) Both of the above

D) None of the above

20.

Who has the absolute advantage in the production of cotton?

Hypothesis Testing – Comparing Two Groups

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19. For the next nine questions, refer to the table above. Nebraska and Virginia each have 100 acres of farmland. The table gives the hypothetical figures for yield per acre in the two states. Who has the absolute advantage in the production of wheat? A) Nebraska B) Virginia C) Both of the above D) None of the above 20. Who has the absolute advantage in the production of cotton?

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Page 5 and 6: C) CS = $1,600 D) CS = $600 E) CS =
Page 7: E) none of the above 17. What is th

27 multiple choice questions

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