Use the Table Below to Answer the Following Question

question 11

Multiple Choice

Use the table below to answer the following question. The table outlines the production possibilities of Slavia and Italia for food and clothing.
Which of the following is true?

• A) Italia has a comparative advantage in producing both food and clothing.
• B) Italia is the low-opportunity cost producer of clothing.
• C) Slavia is the low-opportunity cost producer of food.
• D) Italia has a comparative advantage in producing food.

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Definitions:

Economic Planning

The allocation of resources by a government to achieve specific economic goals and objectives.

Regulated Markets

Markets where government agencies establish rules to influence or control the production, sale, and distribution of goods and services.

Rational Decision Maker

An individual or entity that makes choices by systematically evaluating options to achieve the most favorable outcome.

Attractive Alternative

A choice that appears more appealing than others due to its advantages or potential benefits, often considered in decision-making processes.