Answer the Question(s)below Based on the Information in the Following

question 44

Multiple Choice

Answer the question(s) below based on the information in the following table
Country
$$\begin{array} { | c | c | c | } \hline \text { Goods } & \mathrm { A } & \mathrm { B } \\\hline \mathrm { X } & 3 & 9 \\\hline \mathrm { Y } & 4 & 2 \\\hline\end{array}$$ (numbers indicate hours of labor per unit of output)
-Refer to the table above.Country A has a comparative advantage in

• A)beer.
• B)wine.
• C)both beer and wine.
• D)neither beer nor wine.

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Definitions:

Medical Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Withholding Allowance

An amount claimed on tax Form W-4 that determines how much income tax the employer will withhold from each paycheck. Each allowance claimed (as for a spouse or dependents) reduces the amount of income tax withheld.

Taxable Income

The portion of an individual’s or corporation's income that is subject to taxes by the government.

Withholding Allowance

A claim made by an employee on a W-4 form to reduce the amount of income tax withheld from their paycheck.