Suppose John and Joe Each Have Different Production Possibility Frontiers;John

question 82

Multiple Choice

Suppose John and Joe each have different production possibility frontiers;John specializes in cloth and Joe specializes in corn.John's island unexpectedly has exceptionally good weather,and suddenly he is twice as productive in the production of both corn and cloth.Select the best statement.

• A)This is an example of unemployed resources becoming employed.
• B)As a result,John will have an absolute advantage in both corn and cloth.
• C)As a result,it is possible that John and Joe will switch the goods in which they specialize.
• D)There will be no change to the goods in which John and Joe specialize,because John's comparative advantage has not changed.
• E)There will be a change to the goods in which John and Joe specialize,because John's opportunity cost of corn has decreased.

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Definitions:

tRNA

Transfer RNA; a type of RNA that helps decode a messenger RNA (mRNA) sequence into a protein during protein synthesis.

Mutation

Permanent change in the DNA sequence of a chromosome.

Amino Acid

Organic compounds that combine to form proteins and are characterized by having a carboxyl and an amino group.

DNA Mutation

A change in the DNA sequence within a gene or chromosome of an organism that can lead to variations in phenotype.