-The Data in the Above Table Demonstrates That Gains from Trade

question 417

Multiple Choice

-The data in the above table demonstrates that gains from trade can be captured if

• A) the United States produced both goods.
• B) the United States produced steel in exchange for concrete produced in France.
• C) the United States produced concrete in exchange for steel produced in France.
• D) each country became self-sufficient, produced both goods for itself, and did not engage in trade.

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Definitions:

Heat Energy

The form of energy that is transferred between substances or systems due to a temperature difference.

Ions

Atoms or molecules possessing a net electric charge resulting from the addition or removal of one or more electrons.

Electrons

Negatively charged particles located in the orbits around an atom's nucleus.

Stored Energy

Energy that is kept in a system and can potentially be used, such as chemical energy in food or batteries.