Trade Between Two Nations Would Not Be Possible If They

question 212

Multiple Choice

Trade between two nations would not be possible if they have:

• A) Identical community indifference curves but different production possibilities curves
• B) Identical production possibilities curves but different community indifference curves
• C) Different production possibilities curves and different community indifference curves
• D) Identical production possibilities curves and identical community indifference curves

---

Definitions:

State Trial Court

The first level of court in a state’s judicial system where civil and criminal cases are initially tried and decided.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, resulting in harm or damage.

Arbitration Agreement

A contract in which parties agree to resolve disputes outside of court, typically by a neutral third party called an arbitrator.

Court Action

Legal proceedings initiated to enforce a right or seek a remedy from a court of law.