If Canada Is Using All Its Resources to Their Fullest

question 259

Multiple Choice

If Canada is using all its resources to their fullest extent, it can produce either 10 million iPads or 5 million HDTVs. If Mexico is using all its resources to their fullest extent, it can produce either 6 million iPads or 6 million HDTVs. Thus

• A) Canada has a comparative advantage in producing iPads.
• B) Canada has an absolute advantage in producing both goods, and a comparative advantage in producing HDTVs.
• C) Mexico has an absolute advantage in producing both goods.
• D) Mexico has a comparative advantage in producing iPads.

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Definitions:

Medulla

The innermost part or core of an organ, such as the medulla of the brain (responsible for autonomic functions) or the medulla of the kidney (involved in urine concentration).

Naloxone

A medication used to block the effects of opioids, especially in overdose, by quickly reversing respiratory depression.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, which is used medicinally as a local anesthetic but is also abused for its euphoric effects.

CNS

Central Nervous System, consisting of the brain and spinal cord, responsible for processing and sending out signals.