Use the Production Possibilities Data Below to Answer the Following

question 25

Multiple Choice

Use the production possibilities data below to answer the following question(s) .
Table 2-3

-Refer to Table 2-3. The farmer and the rancher both could benefit if the farmer were to specialize in

• A) meat and the rancher were to specialize in potatoes.
• B) potatoes and the rancher were to specialize in meat.
• C) neither good and the rancher were to specialize in both goods.
• D) none of the above; they cannot both benefit by specialization and trade.

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Definitions:

Eastern Bloc

A group of communist states in Central and Eastern Europe, including the Soviet Union, aligned during the Cold War.

Solidarity

Unity or agreement of feeling or action, especially among individuals with a common interest; mutual support within a group.

Right-to-Work-Laws

Legislation in certain U.S. states that prohibits agreements between labor unions and employers that make membership or payment of union dues a condition of employment.

Affirmative Action

Policies or measures that seek to increase opportunities for minorities and women in employment, education, and business, traditionally underrepresented due to discrimination.