Suppose That the United States and Cuba Decide to Open

question 47

Multiple Choice

Suppose that the United States and Cuba decide to open up trade. If each country specializes in the good in which it has a comparative advantage, _________will gain from that trade because_________

• A) only Cuba; consumption possibilities in Cuba will lie outside its PPF and U.S. consumption possibilities will not change.
• B) neither country; their consumption possibilities will not change.
• C) only the United States; consumption possibilities in Cuba will lie outside its PPF and U.S. consumption possibilities will not change.
• D) both countries; consumption possibilities in both Cuba and the United States will lie outside their PPFs.

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Definitions:

Visual Hallucinations

The perception of seeing something that is not present in the external environment, often associated with psychiatric disorders or neurological conditions.

Slow Moving Targets

Refers to goals, objects, or issues that progress, evolve, or move at a slow pace, making them potentially easier to track or manage.

Erratic

Characterized by a lack of consistency, regularity, or predictability; erratic behavior can be unpredictable or unstable.

Vacantly

Expressing or characterized by a lack of thought or concentration, often reflected in an unfocused gaze.