Refer to the Above Table

question 255

Multiple Choice

Refer to the above table. If opportunity costs are constant, residents of the United States will gain from specializing and trading with Switzerland if the

• A) produce both clocks and films and export clocks to Switzerland.
• B) produce both clocks and films and export both to Switzerland.
• C) import films and export clocks to Switzerland.
• D) import clocks and export films.

---

Definitions:

Lochner V. New York

A landmark U.S. Supreme Court case from 1905 that struck down a New York law setting maximum working hours, ruling it as an unconstitutional interference with individual freedom of contract.

Right Of Contract

The legal ability of individuals or entities to enter into binding agreements without coercion or undue influence.

Individual Freedom

The liberty of an individual to act, speak, or think as one desires without hindrance or restraint, within the limits of law.

Federal Assistance

Financial or material support provided by the federal government to individuals, organizations, or state and local governments.