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.

Analyze the impact of monastic communities on the preservation and creation of art and literature in the early medieval period.

Distinguish between various architectural innovations and their periods within early medieval European architecture.

Appreciate the fusion of classical heritage with Christian themes in early medieval art.

Comprehend the socio-political role of art and architecture in consolidating power and faith in the early medieval period.

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Definitions:

Start-up Firms

A newly established company that is in the phase of developing and bringing to market a new product or service.

Going Public

The process by which a privately held company offers its shares to the public for the first time, through an initial public offering (IPO).

Market Value

The present rate at which a service or asset is available for sale or purchase in the open market.

Liquid Market

A market with a high level of trading activity, where assets can be bought or sold quickly without causing a significant change in their price.