Table 3-3 -Refer to Table 3-3

question 40

Multiple Choice

Table 3-3
$\begin{array}{|l|c|c|c|c|}\hline&\text { Hours needed to make one unit of: }&&\text { Amount produced in } 2400 \text { hours: }\\\hline & \text { Cars } & \text { Aeroplanes } & \text { Cars } & \text { Aeroplanes } \\\hline \text { US } & 40 & 160 & 60 & 15 \\\hline \text { Europe } & 50 & 150 & 48 & 16 \\\hline\end{array}$
-Refer to Table 3-3.If Europe and the US trade according to the principle of comparative advantage:

• A)all individuals in both countries will gain
• B)car producers in Europe and aeroplane producers in the US will gain
• C)some individuals within each society will be made worse off
• D)one country will be better off and the other country will be worse off

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Definitions:

Project Plan

A formal document designed to guide the control and execution of a project, including detailed information about its scope, objectives, and resources.

Timeline

A graphical representation of a sequence of events arranged chronologically, often used to visualize historical, project, or life events.

Negotiating

The process of discussing something with someone in order to reach an agreement or compromise.

Striking

Striking involves workers collectively ceasing work and engaging in protest, typically to demand better wages, conditions, or rights from their employers.