Assume the Following Conditions: in the United States It Takes

question 5

Multiple Choice

Assume the following conditions: In the United States it takes 5 units of resources to produce a ton of potatoes and 10 to produce a ton of coal.In Canada it takes 6 units of resources to produce a ton of potatoes and 9 to produce a ton of coal.According to the theory of absolute advantage, ________.

• A)the United States should export potatoes to Canada and import coal from Canada
• B)the United States should export coal to Canada and import potatoes from Canada
• C)the United States should import both potatoes and coal from Canada, while concentrating on production of more valuable goods
• D)there would be no basis for trade

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Definitions:

Abandonment

A psychological feeling or condition whereby an individual experiences a sense of loss, emptiness, or desertion.

Primary Research Method

Original research conducted firsthand by a researcher to collect new data for analysis to answer specific research questions.

Style of Life Inventory

A psychological assessment tool designed to evaluate an individual’s unique lifestyle, including their goals, motivations, and coping mechanisms.

Case Study

A research method involving an in-depth investigation of a single individual, group, event, or community, often focusing on developmental, social, or psychological issues.