Linear Production Possibilities Curves Explain Why a Country

question 235

Multiple Choice

Linear production possibilities curves explain why a country

• A)tries to produce both products.
• B)specializes in one product but not the one in which it has a comparative advantage.
• C)does not specialize in the product in which it has a comparative advantage.
• D)completely specializes in one product.
• E)becomes self-sufficient.

---

Definitions:

Gulf of Mexico Oil Spill

An environmental disaster involving the large-scale release of oil into the Gulf of Mexico, notably the Deepwater Horizon spill in 2010.

Deregulation

Legislation during the Reagan-Clinton era that removed regulations on many industries, including finance and air travel.

Unilateral Force

The use of military power by one country, without the support or cooperation of other nations, to achieve its national interests or objectives.

Progressive-Era

A transformative time in American history marked by efforts to address problems caused by industrialization, urbanization, and corruption.