Given Freedom of Movement for Both Goods and Resources, If

question 159

Multiple Choice

Given freedom of movement for both goods and resources, if Florida producers specialize in oranges and Georgia producers specialize in peaches, then it would be reasonable to conclude that

• A) the opportunity cost of growing oranges is higher in Florida than in Georgia.
• B) Georgia has a comparative advantage in producing peaches.
• C) Florida has a comparative advantage in producing peaches.
• D) total output will be expanded when Georgia allocates more resources to producing oranges and Florida allocates more resources to producing peaches.

Learn how to compute and analyze asset utilization ratios such as inventory and receivables turnover.

Understand the efficiency and ease of sharing information through digital marketing.

Recognize the various applications and impacts of digital media in business contexts.

Differentiate between traditional business and e-business.

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Definitions:

Deviant Behavior

Actions or behaviors that violate societal norms or values, often causing disapproval or sanctions.

Constructionist Analyses

Observations and studies that examine how social phenomena are created, institutionalized, and become tradition.

Arbitrariness

Actions or decisions made without apparent reason or established standards, often seen as random.

Administration of Law

The process of applying and enforcing legal rules and policies by governmental bodies or officials.