Refer to the Graph Shown

question 25

Multiple Choice

Refer to the graph shown. If Countries X and Y face the production possibility curves A and B, respectively, Country X has a comparative advantage in the production of:

• A)neither agricultural goods nor industrial goods.
• B)both agricultural goods and industrial goods.
• C)agricultural goods only.
• D)industrial goods only.

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Definitions:

Need for Achievement

A personal drive in individuals leading them to pursue and attain challenging goals, often associated with a high level of ambition and effort to succeed.

Self-reliance

The ability to rely on one's own capabilities, resources, and judgments.

Status Quo

The existing state of affairs, particularly in terms of social or political issues.

Opportunity-driven

Entrepreneurship or actions motivated by the identification and exploitation of business opportunities.