The Graph Above Shows the PPC for a Country That

question 32

Multiple Choice

The graph above shows the PPC for a country that can produce oil,which is labor intensive,or televisions,which are capital intensive.
The country is currently producing at point A and not trading with the rest of the world.With trade,the world price can be represented by slope of the straight line through Point A.
Which of the following is a true statement?

• A)When this country produces the optimal amount with trade, workers in this country will be better off.
• B)When this country produces the optimal amount with trade, capital in this country will be better off.
• C)When this country produces the optimal amount with trade, both factors of production will be better off.
• D)When this country produces the optimal amount with trade, the income of factors of production will not change.

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Definitions:

Positron Emission Tomography (PET)

A nuclear medicine functional imaging technique that produces a three-dimensional image of functional processes in the body.

Brain Activity

Refers to any type of neural or cerebral function involving electrical, chemical, and blood flow changes within the brain.

Radioactivity

The spontaneous emission of radiation in the form of particles or electromagnetic waves from the nucleus of an unstable atom.

Cerebellum

A part of the brain located at the back of the skull, crucial for motor control, coordination, precision, and accurate timing of movements.