Figure 1 an Example of China-U

question 120

Multiple Choice

Figure 1. An Example of China-U.S. Trade Possibilities
-Considering Figure 1, which of the following would be true?

• A) China has more of both labor and capital than the U.S.
• B) The U.S. has more of both labor and capital than China.
• C) The U.S. is relatively capital abundant and China is relatively labor abundant.
• D) The U.S. is relatively labor abundant and China is relatively capital abundant.

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Definitions:

Subcultural Influences

The impact of the customs, beliefs, and practices of a subculture on its members or on the wider society.

Multicultural

Relating to, or representing several different cultures or cultural elements.

Utilitarianism

A moral philosophy that advocates for actions that maximize happiness and well-being for the majority.

Rawls

A philosopher best known for his theory of justice as fairness, which emphasizes principles of equality and liberty in organizing society.