Chapter 5 Focused on the Normal Distribution, in Which Most

question 22

Multiple Choice

Chapter 5 focused on the normal distribution, in which most cases fall near the _____ and a Few fall _____.

• A)middle, in the tails
• B)tails, in the middle
• C)middle, in the top half
• D )tails, in the bottom half

---

Definitions:

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Production Possibilities Line

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Trading Possibilities Line

A graphical representation showing the combinations of goods that a country can produce or trade given the resource constraints and technology.

International Trade

The exchange of goods and services between countries.