If Two Countries Each Produce Wool and Cotton,we Know That

question 108

Multiple Choice

If two countries each produce wool and cotton,we know that the country with the comparative advantage in cotton will also have a lower

• A)opportunity cost to produce wool.
• B)opportunity cost to produce cotton.
• C)resource input per unit produced of wool.
• D)resource input per unit produced of cotton.
• E)resource input per unit produced of both cotton or wool.

---

Definitions:

Unit Investment Trusts (UITs)

A type of investment company offering fixed portfolios of securities, which are held until a specific maturity date, to investors.

Joint Ventures

Business arrangements in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Business Incubators

Organizations or initiatives designed to support startups and young businesses by providing resources, mentorship, and sometimes capital or office space to foster growth and success.

Home-Based Business

A business operation that is conducted primarily from the owner's home, often characterized by lower overhead costs and flexible working hours.