Refer to the Following Graph

question 105

Multiple Choice

Refer to the following graph. If this country is producing between point P and G, it will gain by ________ its production of good A and importing more ________.

• A)increasing; good B
• B)increasing; good A
• C)decreasing; good B
• D)decreasing; good A

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Definitions:

Compensation

Payment or benefits awarded to someone in exchange for services rendered or as a reimbursement for expenses or losses incurred.

Obligations

Duties or commitments that an individual or organization is required to fulfill, either legally or morally.

DOI

Stands for "Diffusion of Innovation," which is a theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.