Given Freedom of Movement for Both Goods and Resources, If

question 125

Multiple Choice

Given freedom of movement for both goods and resources, if Florida producers specialize in oranges and Georgia producers specialize in peaches, 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 oranges.
• C) Florida has a comparative advantage in producing oranges.
• D) total output will be expanded when Georgia allocates more resources to producing oranges and Florida allocates more resources to producing peaches.

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Definitions:

Participative

Participative refers to a style or approach that involves taking into account or involving input from all those who are affected by or have an interest in a particular decision or policy.

Rephrasing

The act of expressing the same idea or message in different words, often used to clarify or emphasize sales points.

Direct

A straightforward approach or method of communication or action without any intermediary steps or processes.

First Impressions

The initial opinion or feeling formed about someone or something based on appearance or initial interaction.