Refer to the Figure

question 4

Multiple Choice

Refer to the figure.
Based on the figure, how long did it take willows to reach their carrying capacity in Australia?

• A) It never reached carrying capacity.
• B) 12 months
• C) 1.2 years
• D) 12 years

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Definitions:

Country Better Off

A situation where a country's overall economic welfare or prosperity improves, often measured through metrics like GDP, employment rates, and living standards.

Individuals Worse Off

This term often references a situation where economic policies or market changes make certain individuals financially less well-off than before.

Comparative Advantage

Comparative Advantage is an economic theory that describes how countries or individuals can gain from trade if they specialize in the production of goods and services for which they have a lower opportunity cost compared to others.

Gain From Trade

The increase in welfare or benefit that countries or entities experience as a result of engaging in voluntary trade with each other.