Iowa Produces a Small Amount of Wool but Buys a Large

question 188

Multiple Choice

Iowa produces a small amount of wool but buys a large quantity of wool from Montana for use in its (Iowa's) textile industry.Iowa is ________.

• A) a net importer of wool
• B) a net exporter of wool
• C) an exporter of wool
• D) likely has a comparative advantage in producing wool compared to Montana

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Definitions:

Assertiveness

Tendency to make requests, ask for information, and generally pursue one’s own rights and best interests.

Individualistic Cultures

Refer to societies that prioritize the needs and goals of the individual over the group.

Personal Accomplishment

The feeling of achieving one's own goals, desires, or standards in personal or professional areas.

Teamwork

Collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.