In Portugal,the Opportunity Cost of a Bale of Wool Is

question 60

Multiple Choice

In Portugal,the opportunity cost of a bale of wool is 3 bottles of wine.In England,the opportunity cost of 1 bottle of wine is 3 bales of wool.Given this information,

• A)England has an absolute advantage in wine production.
• B)Portugal has an absolute advantage in wool production.
• C)Portugal has a comparative advantage in wine production.
• D)Portugal has a comparative advantage in wool production.
• E)no trade will occur.

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Definitions:

Beta Particle Emission

A radioactive decay process where a beta particle (electron or positron) is emitted from an atomic nucleus.

Alpha Particle Emission

A type of radioactive decay in which an unstable atomic nucleus emits an alpha particle (2 protons and 2 neutrons) to form a new nucleus, decreasing its atomic number by 2 and mass number by 4.

Positron Particle Emission

A type of beta decay in which a positron is ejected from an atomic nucleus, transforming a proton into a neutron.

Beta Particles

High-speed electrons or positrons emitted by certain types of radioactive decay, such as beta decay.