(Figure: Gadgets and Widgets) According to the Graph, Which Statement

question 242

Multiple Choice

(Figure: Gadgets and Widgets) According to the graph, which statement is correct?

• A) Total output would rise if Country A specialized in gadgets and Country B specialized in widgets.
• B) Total output would rise if Country B specialized in gadgets and Country A specialized in widgets.
• C) There are no gains from trade.
• D) Total output would fall if Country B specialized in gadgets and Country A specialized in widgets.

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Definitions:

Tenant-Days

A measure used in the real estate and hospitality sectors, representing the total number of days that tenants occupy a property.

Budgeting Formulas

Mathematical expressions or guidelines used in the process of preparing budgets to estimate revenues, expenses, and net income.

Revenue

The total amount of money generated by a company from its activities, such as sales of goods or services, before any expenses are subtracted.

Customers Served

The number of clients or customers a business has provided products or services to within a specific time period.