Linear Production Possibilities Curves Explain Why a Country

question 235

Multiple Choice

Linear production possibilities curves explain why a country

• A)tries to produce both products.
• B)specializes in one product but not the one in which it has a comparative advantage.
• C)does not specialize in the product in which it has a comparative advantage.
• D)completely specializes in one product.
• E)becomes self-sufficient.

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Definitions:

Jamestown

The first permanent English settlement in North America, founded in 1607 in present-day Virginia.

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Legal proceedings and persecutions, most famously in Salem, Massachusetts in 1692, targeting individuals accused of witchcraft, often resulting in conviction and execution.

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The global industry and trade of tobacco, including its cultivation, processing, distribution, and sale, historically significant for its role in the economic development of colonies in the Americas.