use table to answer question.
Argentina/soybeans 100 million tons/wheat 80 million tons
Bolivia/soybeans120 million tons/wheat 100 million tons
which of the following products does argentina have absolute advantage in production?
A. Soybeans
B. Wheat
C. Neither soybeans nor wheat
D. Both soybeans and wheat
To determine which product Argentina has an absolute advantage in production, we need to compare the production quantities of soybeans and wheat in Argentina and Bolivia.
The table shows that Argentina produces 100 million tons of soybeans and 80 million tons of wheat. Bolivia, on the other hand, produces 120 million tons of soybeans and 100 million tons of wheat.
From this information, we can see that Argentina has a higher production quantity for both soybeans and wheat compared to Bolivia. Therefore, the correct answer is:
D. Both soybeans and wheat