If Honduras and Guatemala Each Specialize in Producing the Good

question 8

Multiple Choice

If Honduras and Guatemala each specialize in producing the good in which they have a comparative advantage and then trade with one another _____ original PPF.

• A) both countries would end up at a point to the left of their
• B) both countries would end up on a different point on their
• C) both countries would end up on a point to the right of their
• D) one country would remain on its original PPF, while the other country would end up on a point to the right of its

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Definitions:

Parallel Circuit

A circuit in which two or more of the connected components or contact symbols in a ladder program are connected to the same pair of terminals so that current may flow through all the branches; contrasted with a series connection, in which the parts are connected end to end so that current flow has only one path.

Series Circuit

A circuit in which the components or contact symbols are connected end to end, and all must be closed to permit current flow.

Series-Parallel Circuit

A circuit configuration that combines elements in both series and parallel to achieve desired electrical characteristics.

NOR Function

A logical operation that produces a true output only when all its inputs are false.