-Assuming That Opportunity Costs Are Constant, Which of the Following

question 257

Multiple Choice

-Assuming that opportunity costs are constant, which of the following is a correct statement? (See the above table.)

• A)The United States has a comparative advantage in bicycle production.
• B)The United States has a comparative advantage in producing both goods.
• C)Mexico has a comparative advantage in producing bicycles.
• D)Mexico has a comparative advantage in producing both goods.

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Definitions:

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience that is enjoyable or satisfying.

Anesthetics

are substances used to induce anesthesia, temporarily eliminating sensation, typically to perform surgery or other painful procedures without causing pain.

Reticular Formation

A network of neurons located in the brainstem involved in regulating wakefulness, attention, and sleep-wake transitions.

Endocrine System

The endocrine system is a network of glands in the body that produce and release hormones, which help control many important body functions.