The United States Produces Both Automobiles and Computers More Efficiently

question 114

Multiple Choice

The United States produces both automobiles and computers more efficiently than Mexico.Nevertheless, it is possible that both nations would benefit from trade in these items.The reason for this is

• A)the law of comparative advantage.
• B)the inflation-unemployment trade-off.
• C)externalities.
• D)the cost disease of personal services.
• E)attempts to repeal the law of supply and demand.

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Definitions:

Emotional Ties

Bonds formed between individuals based on emotional connections, affection, or personal relationships.

Population

The total number of people inhabiting a specific area or the entire planet, essential for demographic studies.

Mechanical Solidarity

A concept in sociology that describes a form of social cohesion derived from the homogeneity of individuals in a society, often found in traditional and small-scale societies.

Organic Solidarity

A term referring to the social cohesion that arises when individuals in a society perform a wide variety of specialized roles and thus become interdependent.