Country A's Cost of Widgets Is $4

question 75

Multiple Choice

Country A's cost of widgets is $4.00 and cost of wadgets is $8.00. Country B's cost of widgets is 8 euros and cost of wadgets is 16 euros. Which of the following would you suggest?

• A) Country A should specialize in widgets and Country B in wadgets.
• B) Trade of widgets for wadgets would not benefit the countries.
• C) Country A should specialize in wadgets and Country B in widgets.
• D) Both countries should produce an equal amount of each.

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Definitions:

Color Perception

The process by which the brain interprets and identifies colors in the visual spectrum.

Language

A complex system of communication using symbols, sounds, or gestures, enabling humans to express thoughts, emotions, and ideas.

Thought

The act or process of thinking, where ideas, memories, and considerations are processed cognitively.

Gricean Maxim

Principles proposed by philosopher H.P. Grice to ensure clear, cooperative communication, including quality, quantity, relation, and manner.