The Following Table Indicates the Production Possibilities of Food and Clothing

question 97

Multiple Choice

The following table indicates the production possibilities of food and clothing per worker day in the United States and South Korea. Which of the following is true?

• A) Mutual gains could be realized if the United States specialized in producing food and South Korea in producing clothing.
• B) Mutual gains could be realized if the United States specialized in clothing production and South Korea in food production.
• C) South Korean workers are the high-cost producers of clothing.
• D) None of the above are true.

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Definitions:

Thomas Malthus

An English economist and demographer known for his theory that population growth will always tend to outrun the food supply and lead to societal collapse.

Influenced Darwin

Refers to the various observations, findings, and scholars that contributed to Charles Darwin’s development of the theory of evolution by natural selection.

Genetic Drift

A mechanism of evolution that leads to random changes in the gene frequencies of a population over time, particularly in small populations.

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring and determines inherited characteristics.