-Suppose the Production Possibilities for Two Countries,producing Either Food or Clothing,are

question 71

Multiple Choice

-Suppose the production possibilities for two countries,producing either food or clothing,are shown in the above figure.They can each produce any linear combination as well.Assuming that consumers place equal value on both of these goods and that free trade between these two countries is possible,gains from trade

• A) are not possible.
• B) exist because food is more expensive to produce in Canada than in the U.S.
• C) exist because food is more expensive to produce in the U.S. than in Canada.
• D) do not exist because the consumers in each country have set their marginal rate of substitution equal to their country's marginal rate of transformation.

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Definitions:

Research Ethics Board (REB)

A committee tasked with reviewing proposed research to ensure that it is conducted ethically, with respect to protecting the rights and well-being of participants.

Informed Consent

Informed consent is the process by which a healthcare provider educates a patient about the risks, benefits, and alternatives of a proposed procedure or treatment before the patient agrees to it.

Confidentiality

The ethical and legal duty to protect private information from unauthorized disclosure.

PICOT Format

A mnemonic used in nursing and healthcare to frame and answer a clinical or health care related question, with 'P' standing for Patient or Problem, 'I' for Intervention, 'C' for Comparison, 'O' for Outcome, and 'T' for Time.