Suppose an American Worker Can Make 100 Nets or Catch

question 35

Multiple Choice

Suppose an American worker can make 100 nets or catch 900 fish per day. On the other hand, a Chilean worker, can make 40 nets or catch 400 fish per day. The United States has an absolute advantage at producing both fish and nets. This means that the United States:

• A) should produce only nets and trade with Chile to get fish.
• B) should produce only fish and trade with Chile to get nets.
• C) should take advantage of Chile by trading with them.
• D) same amount of workers" to read "same number of workers.

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Definitions:

Administrative Agency Disputes

Conflicts or disagreements that arise in the context of the actions, decisions, or policies of federal, state, or local government agencies, often subject to review in administrative hearings or courts.

United States Congress

The bicameral legislative body of the federal government of the United States, consisting of the Senate and the House of Representatives.

Create

To bring something into existence or cause it to be made, often referring to innovation, construction, or design processes.

Dissolve

The formal closing or termination of an entity, such as a corporation or partnership, often involving the distribution of assets to claimants.