Figure 22-2 -In Figure 22-2, If the United States and Mexico Are

question 36

Multiple Choice

Figure 22-2

-In Figure 22-2, if the United States and Mexico are negotiating to trade wheat for petroleum,

• A)the United States must receive more than 1 2/3 units of petroleum for a unit of wheat.
• B)Mexico must receive more than 1 2/3 units of petroleum for a unit of wheat.
• C)the limits of the agreement are between 1 unit of wheat for 2/3 unit of petroleum for the United States and 1 unit of wheat for 1 1/2 units of petroleum for Mexico.
• D)if the agreement is formalized at 1 unit of wheat for 1 unit of petroleum, then Mexico will benefit from the trade but the United States will not.

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Definitions:

Pragmatic Thought

A mode of thinking concerned with practical matters and the application of ideas and theories to solve problems or achieve goals.

Reflective

Thoughtful consideration of one's experiences and actions.

Autonomous

Having the freedom to govern oneself or to act independently without being controlled by others.

Abstract

A summary of a research paper or article, or relating to ideas and concepts not physically present or observable.