-Refer to the Above Table

question 33

Multiple Choice

-Refer to the above table. If opportunity costs are constant and the two countries trade

• A)the United States should specialize in computers and Mexico in bicycles.
• B)the United States should specialize in bicycles and Mexico in computers.
• C)the United States should specialize in both bicycles and computers, and Mexico should specialize in neither.
• D)there will be no trade because they are so different.

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Definitions:

Relative Cell References

Relative cell references in spreadsheets are cell addresses that change when a formula is copied to other cells, adjusting based on the formula's new location.

Point Mode

In spreadsheet applications, a mode that allows the user to select cells or ranges by using the mouse to point and click rather than typing cell references.

Arithmetic Calculations

Mathematical operations involving addition, subtraction, multiplication, and division.

Function

In programming, a named section of a code that performs a specific task; in mathematics, a relation between a set of inputs and a set of permissible outputs.