Chile Allows Trade with the Rest of the World

question 148

Multiple Choice

Chile allows trade with the rest of the world.We know that Chile has a comparative advantage in producing lemons if we know that

• A) Chile imports lemons.
• B) the world price of lemons is higher than the price of lemons that would prevail in Chile if trade with other countries were not allowed.
• C) consumer surplus in Chile would exceed producer surplus in Chile if trade with other countries were not allowed.
• D) All of the above are correct.

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Definitions:

Midbrain

The middle portion of the brainstem that plays a role in vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.

Epithalamus

A portion of the diencephalon in the brain, involved in linking the limbic system to other parts of the brain and regulating hormones and circadian rhythms.

Habenula

The habenula is a small region in the brain involved in regulating sleep-wake cycles, reproductive behavior, and stress responses.

Pineal Gland

is a small endocrine gland in the brain involved in the production of melatonin, regulating sleep patterns.