The Hypothetical Nations Wat and Xat Have the Production Possibilities

question 35

Multiple Choice

The hypothetical nations Wat and Xat have the production possibilities for rice and corn given in the accompanying tables. Which of the following statements about the two nations is correct based on the principle of comparative advantage?

• A)Xat should specialize in the production of corn.
• B)Wat should specialize in the production of rice.
• C)Xat has a comparative advantage in the production of rice.
• D)Xat has a comparative advantage in the production of corn.

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Definitions:

Louisiana Purchase

was the acquisition of the Louisiana territory by the United States from France in 1803, significantly expanding the size of the nation.

Episodic Memory

It's a kind of lasting memory focused on the retrieval of certain occurrences, contexts, and individual experiences.

Temporary Memory

A cognitive system that temporarily stores and manages information required for complex cognitive tasks like learning, reasoning, and comprehension.

Sensory Memory

The shortest-term element of memory, it acts as a buffer for stimuli received through the senses, lasting up to a few seconds.