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.

---

Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties to be enforceable.

Attached to Land

Refers to something that is physically or legally connected to a piece of land, such as a building or a fixture, which becomes part of the real property.

Admission Exception

A principle in evidence law that allows certain statements that would normally be considered hearsay to be admissible as evidence in court.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.