If the Internal Px/Py Is Lower in Nation 1 Than

question 4

Multiple Choice

If the internal Px/Py is lower in nation 1 than in nation 2 without trade:

• A)nation 1 has a comparative advantage in commodity Y
• B)nation 2 has a comparative advantage in commodity X
• C)nation 2 has a comparative advantage in commodity Y
• D)none of the above

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Definitions:

Independent Contractors

Workers who provide services to a business or individual under terms specified in a contract or agreement and are not considered employees.

Start-up Company

A young company founded to develop a unique product or service and bring it to market.

Independent Contractors

Individuals who are in business for themselves, providing goods or services to another entity as a non-employee, typically on a contract basis.

Workforce

The collective group of individuals engaged in or available for work, either in a specific area or in a particular industry or occupation.