Using Graphs to Illustrate the Concepts, Absolute Advantage

question 187

Multiple Choice

Using graphs to illustrate the concepts, absolute advantage

• A)is shown with differences in slope of a production possibilities curve; comparative advantage is shown with a lower curve.
• B)requires a very steep curve; comparative advantage requires a curve with a shallow slope.
• C)on one good requires that the slope of the production possibilities curve be steeper for that good.
• D)is shown with a higher production possibilities curve; comparative advantage is shown with differences in slope of the curves.

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Definitions:

Cross Tube Assembly

A component in vehicle suspension systems that connects and provides support across other structural parts.

Ball Sockets

A type of bearing that allows for rotational movement in all directions, commonly used in automotive steering systems.

Ackerman Arms

Components of the steering mechanism that help achieve different turning radii for the inner and outer wheels, improving cornering.

Pitman Arm

A steering linkage arm that connects a steering gear to a drag link. A Pitman arm is usually splined to the steering gear sector shaft. In a typical steering gear, the Pitman arm converts the rotary motion of the sector shaft into linear motion at the drag link plus adds leverage.