How Far West You Live from the Prime Meridian Is

question 20

Multiple Choice

How far west you live from the prime meridian is measured as your _____ ,whereas an imaginary line marking all those places at that same distance west of the prime meridian is called a _____ .

• A)longitude;meridian
• B)meridian;longitude
• C)latitude;parallel
• D)parallel;latitude
• E)location;place

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Definitions:

Comparative Advantage

The skill of an entity—be it an individual, enterprise, or nation—to manufacture a product or deliver a service at a reduced opportunity cost than that of its competitors.

Production Possibilities

The various combinations of goods and services that an economy can produce, given its technological capabilities and available resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to specialized production and trade benefits.

Specialization

The process in which individuals, firms, or countries focus on producing a narrow range of goods or services to gain greater efficiencies and increase productivity.