In Which of the Following Scenarios Does the United States

question 54

Multiple Choice

In which of the following scenarios does the United States have a comparative advantage in iron production?

• A)A U.S.worker can produce 10 tons of iron or 5 bushels of wheat,while a British worker can produce 1 ton of iron or 1 bushel of wheat.
• B)A U.S.worker can produce 10 tons of iron or 5 bushels of wheat,while a British worker can produce 20 tons of iron or 10 bushels of wheat.
• C)A U.S.worker can produce 10 tons of iron or 5 bushels of wheat,while a British worker can produce 5 tons of iron or 1 bushel of wheat.
• D)A U.S.worker can produce 10 tons of iron or 5 bushels of wheat,while a British worker can produce 2 tons of iron or 1 bushel of wheat.

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Definitions:

Accidental

An unexpected and unintentional event that causes damage or injury.

Indorser

An alternative spelling of "endorser," referring to a person who signs a document (often a negotiable instrument) to endorse it, thereby assuming responsibility under certain conditions.

Subsequent Holder

An individual or entity that lawfully receives possession or control of a negotiable instrument, such as a check or promissory note, after it has been issued.

Honor

A principle that drives individual conduct to embody integrity, respect, and ethical behavior.