Consider the Following Information About the Production of Two Goods,X

question 17

Multiple Choice

Consider the following information about the production of two goods,X and Y,in two countries,A and B: • In Country A it takes X_a units of resources to produce one unit of X and Y_a units of resources
To produce one unit of Y.
• In Country B it takes X_b units of resources to produce one unit of X and Y_b units of resources
To produce one unit of Y.
• Assume the amount of resources used to produce the goods in the two countries can be
Compared unambiguously.
TABLE 32-1
Refer to Table 32-1.If the ratio / is less than the ratio / ,then we can say with certainty that

• A)The opportunity cost of producing good Y in Country A is less than in Country B.
• B)Country A has a comparative advantage in the production of good X.
• C)Country A has an absolute advantage in the production of good X.
• D)The opportunity cost of producing good X in Country A is higher than in Country B.
• E)The opportunity cost of producing good X in Country A is lower than in Country B.

Recognize the capabilities of Word in managing document security and finalization.

Identify the functions related to creating and managing charts and graphical elements in a document.

Understand the customization and optimization of documents for different viewing and distribution purposes.

Gain skills in document reviewing and publishing, including the use of specific Word features for blogs, templates, and comparison tools.

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