The United States and Canada Trade Hockey Skates and Apple

question 27

Multiple Choice

The United States and Canada trade hockey skates and apple pie.If the United States has an absolute and a comparative advantage in the production of apple pie,then:

• A) Canada must have the comparative advantage in the production of skates.
• B) Canada must have the absolute advantage in the production of skates.
• C) Canada must have the absolute and comparative advantage in the production of skates.
• D) the United States must also have the comparative advantage in the production of skates.

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Definitions:

Unethical Practices

Actions or behaviors that violate moral principles, standards, or codes of conduct within a particular field or society.

Personal Gain

The achievement of personal benefits or advantages, often at the expense of others or ethical principles.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have control over the events that affect their lives.

External

Pertaining to factors, forces, or environments outside of an individual or organization that influence outcomes or actions.