Use the Following to Answer Questions: Table: Production Possibilities for the United

question 72

Multiple Choice

Use the following to answer questions: Table: Production Possibilities for the United States and Mexico $$\begin{array} { l c c } \hline & \text { Corn (millions of tons) } & \text { Potatoes (millions of tons) } \\\hline \text { United States } & 50 & 10 \\\text { Mexico } & 40 & 5 \\\hline\end{array}$$
-(Table: Production Possibilities for the United States and Mexico) According to the table on production possibilities for the United States and Mexico, Mexico has an absolute advantage in ________ and a comparative advantage in _________.

• A) neither good; corn
• B) corn; potatoes
• C) potatoes; corn
• D) neither good; potatoes

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Definitions:

Unjust Enrichment

A legal principle that prohibits one person from being enriched at the expense of another in situations where the law demands restitution.

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of their arrangement and obligates them to comply with those terms.

Promises

Commitments or assurances by one party to another that certain actions will or will not be undertaken.

Covenant Not to Compete

an agreement often found in employment contracts restricting an employee's ability to work in similar employment or start a competitive business within a specific time frame and geographical area after leaving a job.