Refer to the Table

question 81

Multiple Choice

Refer to the table.The inconsistency illustrated by the table is that, while a majority of voters prefer the:

• A)highway to the lighthouse and the submarine to the highway, they also prefer the lighthouse to the submarine.
• B)lighthouse to the highway and the lighthouse to the submarine, they also prefer the submarine to the highway.
• C)highway to the lighthouse and the submarine to the lighthouse, they also prefer the submarine to the highway.
• D)lighthouse to the submarine and the highway to the submarine, they also prefer the highway to the lighthouse.

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Definitions:

Specialize

To focus on a particular area of expertise or production, often to increase efficiency or performance in that area.

Comparative Advantage

The principle that holds a party can produce some goods at a lower relative cost than another, promoting beneficial trade.

Other Goods

The term refers to any goods that are not directly under consideration but can still affect the market situation, such as substitute or complementary goods.

Increasing Opportunity

Increasing opportunity involves the growth or expansion of choices and avenues through which individuals or organizations can achieve desired goals or outcomes.