-The Data in Table 22-3 Indicate That the United States

question 57

Multiple Choice

 

-The data in Table 22-3 indicate that the United States has

• A)an absolute advantage in both goods, and a comparative advantage in cotton.
• B)an absolute advantage in both goods, and a comparative advantage in wheat.
• C)only a comparative advantage in wheat.
• D)only a comparative advantage in cotton.

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Definitions:

Competitor

Someone who is most likely to try a win-lose approach to conflict resolution, especially if he or she is personally involved in the conflict.

Negotiation-Of-Selves Conflict

A psychological conflict that arises when an individual's different social roles or selves are in opposition, requiring negotiation or compromise among them.

Lose-Lose Strategy

A strategy in which everyone gives up something, and the focus is on compromise.

Compromise

An agreement or settlement of a dispute that is reached by each side making concessions.