The Following Table Indicates the Production Possibilities of Food and Clothing

question 9

Multiple Choice

The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan. Which of the following is true?

• A) No gains from trade are possible.
• B) Joint output would be maximized if the United States specialized in producing clothing and Japan in producing food.
• C) Mutual gains from trade could be realized if the United States specialized in food production and Japan in clothing production.
• D) The Japanese are the high-cost producers of both food and clothing.

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Definitions:

Suspension Noises

Sounds emanating from a vehicle’s suspension system, indicating potential issues with components such as shock absorbers, springs, or bushings.

Clunking

A noise or series of noises that may be heard coming from a vehicle's suspension or drivetrain, indicative of loose or worn parts that require attention.

Creaking

A sharp, harsh, squeaking sound made by something under pressure, often due to movement or weight.

Knocking

A problem in internal combustion engines caused by the fuel-air mixture igniting prematurely in the cylinder, leading to a sharp and often loud noise, which can damage the engine.