-According to the Above Table, If These Two Countries Trade

question 200

Multiple Choice

-According to the above table, if these two countries trade

• A)Mexico should specialize in computers and the United States in bicycles.
• B)the United States should specialize in both computers and bicycles.
• C)the United States should specialize in computers and Mexico should specialize in bicycles.
• D)we cannot tell which country should specialize in which good without knowing the amount of labor utilized in each country.

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Definitions:

Labor Forces

The total number of people who are eligible and willing to work, including both employed and unemployed individuals.

Low-Income DVCs

Developing countries characterized by low levels of income per capita, often facing challenges in economic development.

Agriculture

The practice of cultivating land and raising crops or livestock for food, fiber, and other products.

Per Capita Incomes

The average income earned per person in a given area (city, region, country) in a specified year.