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:

Wave Summation

A phenomenon where muscle fiber contractions become stronger and more frequent, leading to a stronger overall muscle contraction.

Effort

The physical or mental energy exerted towards achieving a goal or task.

Load

In mechanical and structural engineering, a load is the force or weight supported by a structure or component.

Fulcrum

The support about which a lever pivots in physics, or a point of support that allows a lever to lift an object more easily.