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Refer to the Graph Shown

question 44

Multiple Choice

Refer to the graph shown. Refer to the graph shown. Given these production possibility curves, you would suggest that: A) Country A should specialize in widgets and Country B in wadgets. B) No trade should take place. C) Country A should specialize in wadgets and Country B in widgets. D) Both countries should produce an equal amount of each. Given these production possibility curves, you would suggest that:

Definitions:

Redlining

A discriminatory practice by which services (like banking and insurance) are withheld from potential customers in certain neighborhoods based on racial or ethnic composition.

Gramm-Leach-Bliley Financial Modernization Act

A U.S. federal law enacted in 1999 to control the ways that financial institutions deal with the private information of individuals.

Dodd-Frank Act

A federal law passed in 2010 aimed at reducing risks in the U.S. financial system through comprehensive regulation of financial markets and institutions.

Federal Trade Commission

A U.S. government agency established to protect consumers and promote competition, enforcing antitrust and consumer protection laws.