Use the Table Below to Answer the Following Question

question 152

Multiple Choice

Use the table below to answer the following question.The table outlines the production possibilities of Slavia and Italia for food and clothing.

Which of the following is true?

• A)Italia has a comparative advantage in producing both food and clothing.
• B)Italia is the low-opportunity cost producer of clothing.
• C)Slavia is the low-opportunity cost producer of food.
• D)Italia has a comparative advantage in producing food.

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Definitions:

Free Market Ethics

Moral principles or standards governing fair and competitive practices in a market economy without undue government intervention.

Duty To Rescue

A legal or moral obligation to provide assistance to a person in danger or distress, under certain circumstances.

Pre-existing Duty

A rule in contract law that states if someone is already legally obligated to perform a certain duty, promising to perform that same duty does not constitute a valid consideration for a new contract.

Employer

A person or organization that hires people to work for wages or salary.