Suppose That a Worker in Country a Can Make Either

question 86

Multiple Choice

Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year.Country A has 100 workers.Suppose a worker in Country B can make either 2 iPods or 10 tablets each year.Country B has 200 workers.Which of the following is true?

• A) Country B should produce tablets and Country A should produce iPods, and they could benefit from trade.
• B) Country B should produce iPods and Country A should produce tablets, and they could benefit from trade.
• C) Neither country can benefit from trade since no comparative advantage exists.
• D) Because Country B has the absolute advantage in producing tablets, they should specialize in the production of tablets.

Understand how psychoactive drugs affect neurotransmitter systems.

Understand the purpose and implications of the federal Competition Act.

Comprehend the nuances of transferring possession and property rights in sales transactions.

Recognize the role and establishment parameters of Industry Canada.

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Definitions:

Restrictive Covenant

refers to clauses in contracts that limit one party from engaging in certain activities that could compete with or harm the other party, often found in employment and real estate agreements.

Appurtenant

A right or privilege attached to land that benefits the landowner, such as a right of way.

Original Parties

The initial entities or individuals who enter into a contract or agreement, distinct from any third parties or assignees.

Condominium Ownership

A form of property ownership where individuals own a unit of a larger complex and share common areas with other unit owners.