Assume That in Canada the Opportunity Cost of Producing One

question 36

Multiple Choice

Assume that in Canada the opportunity cost of producing one television set is two bushels of wheat. Assume that in the United States the opportunity cost of producing one bushel of wheat is two television sets. If these two countries specialize according to comparative advantage and then trade with each other:

• A) Canada will export both televisions and wheat.
• B) Canada will export wheat and import televisions.
• C) the United States will export wheat and import televisions.
• D) the United States will export both televisions and wheat.

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Definitions:

Relating Tables

The process of establishing a connection between tables in a database through common fields, enhancing data integrity and organization.

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The action of pressing the Escape key on a keyboard to cancel or exit a process or dialog window.

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An action that undoes or reverts modifications made to data or documents, restoring them to a previous state.

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A database operation that permanently removes a row of data from a table.