Suppose There Are Only 2 Nations a and B, and Only

question 205

Multiple Choice

Suppose there are only 2 nations A and B, and only two goods, x and y. If nation A produces only x, it can make 20x per day. If nation A produces only y, it can make 15y per day. If nation B produces only x, it can make 15x per day. If nation B produces only y, it can make 15y per day. After trade begins nation _______ will specialize in the production of x and nation _______ will specialize in the production of y.

• A) A; A
• B) B; A
• C) A; B
• D) B; B

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Definitions:

Gender Roles

Social and cultural norms that dictate the behaviors, tasks, and responsibilities expected of men and women in a society, often leading to disparities in rights and opportunities.

Civil War

A war between citizens of the same country, often caused by political, social, or economic disagreements.

Andrew Jackson

The seventh President of the United States (1829–1837), known for his populist policies and controversial actions such as the Indian Removal Act.

Policies

Guiding principles or courses of action adopted or proposed by an organization, government, or individual.