The Production Possibilities for Country X Are Either 6,000 Bushels

question 317

Multiple Choice

The production possibilities for country X are either 6,000 bushels of soybeans or 10,000 bushels of wheat. The production possibilities for country Y are either 2,000 bushels of soybeans or 4,000 bushels of wheat. Which of the following is true?

• A)Country Y should specialize in the growing of soybeans according to the principle of comparative advantage.
• B)Country X is the least-cost producer of wheat.
• C)The domestic opportunity cost of wheat production is lower in country Y.
• D)The high-cost producer of soybeans is country X.

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Definitions:

Beta Waves

Brain waves that are associated with active, alert cognition and a wakeful state.

Non-REM Sleep

A phase of sleep characterized by slower brain waves, less eye movement, and the absence of dreaming, divided into three stages, each deeper than the last.

Theta Waves

Slow brain waves typically found in sleep and deep meditation, indicative of relaxed mental states.

Drowsy

describes a state of feeling sleepy or lethargic, often as a precursor to falling asleep.