The Following Table Indicates the Production Possibilities of Food and Clothing

question 217

Multiple Choice

The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan.

Which of the following is true?

• A)No gains from trade are possible.
• B)Joint output would be maximized if the United States specialized in producing clothing and Japan in producing food.
• C)Mutual gains from trade could be realized if the United States specialized in food production and Japan in clothing production.
• D)The Japanese are the high-cost producers of both food and clothing.

---

Definitions:

Primary Stakeholders

Individuals or groups with a direct interest or stake in a project or organization, whose input and interests are considered crucial.

Direct Interest

A personal or financial stake in a particular outcome, leading to involvement or intervention in the relevant matter.

Corporate Social Marketing

Support for a behavior changing campaign to improve safety, health, or the environment.

Customer Donations

A process where businesses encourage or facilitate their customers to donate to charitable causes or organizations.