Use the Following to Answer Questions

question 236

Multiple Choice

Use the following to answer questions:
Figure: Countries A and B
-(Figure: Countries A and B) Refer to the figure. According to the diagram about countries A and B, which of the following statement(s) is correct? I. Country A has a comparative advantage in Good Y.
II. Country B has an absolute advantage in both goods.
III. Country B has a comparative advantage in Good X.

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II, and III

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Definitions:

Civil Unions

A legally recognized union of a couple, similar to marriage, which provides some but not all the rights and responsibilities of marriage under the law.

Same-sex Couples

Romantic or marital relationships between two individuals of the same gender.

Exchange of Property

The act of giving something of value to someone else in return for another item or service.

Authority

The power or right to give orders, make decisions, and enforce obedience.