-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:

Corruption

The abuse of entrusted power for private gain.

Treatment Programs

Structured interventions designed to address health, behavioral, or substance abuse issues, aiming for rehabilitation and recovery.

Parolees

Individuals who have been released from prison before the completion of their sentence, under the condition of good behavior and regular monitoring.

Firearms

Weapons that launch one or more projectiles at high velocity through the confined burning of a propellant.