If Two Countries with Increasing Opportunity Costs Have Identical PPFs

question 5

Multiple Choice

If two countries with increasing opportunity costs have identical PPFs but different tastes,

• A) the countries will have identical relative commodity prices under autarky, and therefore there is no incentive to trade.
• B) the countries will have different relative commodity prices under autarky, but there will still be no incentive for them to trade.
• C) the countries will have different relative commodity prices under autarky, and each country can gain by exporting the good for which its consumers have the higher relative preference.
• D) the countries will have different relative commodity prices under autarky, and each country can gain by exporting the good for which its consumers have the lower relative preference.

Understand the political and social motivations behind the relocation of Confederates after the war.

Grasp how northern Democrats viewed the treatment of ex-Confederate states post-war.

Analyze the socio-political concepts hindering Confederate men from accepting defeat.

Explain the purpose and implications of the 13th amendment.

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Definitions:

Business Quarters

Divisions of a fiscal year into four three-month periods, used by companies to report financial results and forecast future performance.

Unemployment Rate

The quantity of jobless individuals in the labor force who are vigorously searching for employment.

Total Population

The entire number of people living in a particular area, region, or country.

Employed Number

Refers to the total number of individuals in a given country or region who are currently engaged in paid work.