If Australia Is Better Than the US at Producing Wheat

question 149

Multiple Choice

If Australia is better than the US at producing wheat, but the US is better than Australia at producing cars, the US should:

• A) impose a tariff on Australian wheat in order to protect jobs in the US car industry
• B) sell cars to Australia, and should buy Australian wheat
• C) subsidise its wheat industry so that it can compete with Australian wheat
• D) put a quota on the amount of Australian wheat imported

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Definitions:

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells.

Exergonic Reaction

Chemical reaction that releases energy; opposite of endergonic reaction.

Oxidation

A chemical reaction involving the loss of electrons from a molecule, which often results in the production of energy.

Citric Acid Cycle

A key metabolic pathway that occurs in the mitochondria, involving a series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate.