Use the Following to Answer Questions: Table: Movies and Oil

question 68

Multiple Choice

Use the following to answer questions: Table: Movies and Oil $$\begin{array}{l}\text { Hypothetical maximum production in various U.S. states }\\\begin{array} { l c c } \hline & \text { Movies/Year } & \text { Barrels of Oil/Year (millions) } \\\hline \text { Texas } & 75 & 50 \\\text { California } & 60 & 30 \\\text { New York } & 20 & 5 \\\hline\end{array}\end{array}$$
-(Table: Movies and Oil) According to the table, which state has the comparative advantage in oil?

• A) Texas, because it can produce more oil than anyone else
• B) New York, because its opportunity cost for a barrel of oil is 4 movies per year
• C) Texas, because its opportunity cost for a barrel of oil is 1.5 movies per year
• D) California, because its opportunity cost for a barrel of oil is 2 movies per year

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Definitions:

Dissolves Completely

A process by which a substance breaks down and integrates into a liquid, forming a uniform solution.

Potassium Chloride

An essential mineral supplement used to treat or prevent low levels of potassium in the blood.

Ml PO

An abbreviation often used in medical contexts to indicate a medication dose taken orally in milliliters.

Oral Solution

A liquid preparation containing one or more active ingredients dissolved, intended for oral administration.