Use the Information Below to Answer the Following Questions

question 150

Multiple Choice

Use the information below to answer the following questions.
Fact 2.4.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour.
-Complete the following sentence. Given Fact 2.4.2,

• A)there will be gains from trade, no matter what Brenda and Agnes specialize in, as long as they specialize.
• B)there will be gains from trade only if Agnes specializes in the production of Y and Brenda in X.
• C)there will be gains from trade only if Agnes becomes faster at producing X.
• D)there will be no gains from trade because Agnes has an absolute advantage.
• E)there will be gains from trade if Agnes specializes in the production of X and Brenda in Y.

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Definitions:

Database Management System

A software system that enables the creation, management, and manipulation of databases, allowing users to store, retrieve, and update data efficiently.

Crosstab Queries

In databases, these are queries that aggregate data across two or more dimensions, displayed in a crossed-tabulation format.

Summarizing Data

Summarizing data involves condensing large datasets into a simpler form, often through statistical analysis or visual representation.

Crosstab Query

A database query that aggregates information from one or more tables and displays it in a cross-tabulated format, often used for comparative analysis.