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The Following Table Indicates the Production Possibilities of Food and Clothing

question 116

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The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan. The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan.   Which of the following is true? A)  Since U.S. workers produce more of both food and clothing than Japanese workers, no gains from trade are possible. B)  Mutual gains from trade could be realized if the United States specialized in food production and Japan in clothing production. C)  The Japanese are the low-cost producers of both food and clothing. D)  Joint output would be maximized if the United States specialized in producing clothing and Japan in producing food.
Which of the following is true?


Definitions:

Rhetorical Questions

Questions asked for effect or to make a point rather than to elicit a direct answer.

Extensive Statistics

A large amount of statistical data or information, often used for analysis or informed decision-making.

Audience-centered

A communication approach focused on understanding and addressing the needs, interests, and expectations of the audience.

Internal Combustion

A type of engine where fuel is burned inside the engine itself to create power, typically found in vehicles.

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