Suppose England Has a Comparative Advantage Over the United States

question 66

Multiple Choice

Suppose England has a comparative advantage over the United States in producing tea.If this is true,then:

• A) England should produce more tea than it wants and sell the rest to the United States.
• B) England should produce a small amount of tea and buy the rest of the tea it wants from the United States.
• C) England should not produce tea, and should instead buy it all from the United States.
• D) the United States has nothing to gain from buying tea from England.

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Definitions:

Sensory Systems

The physiological parts of an organism that allow it to perceive the world through senses like sight, sound, smell, taste, and touch.

Symphony

An elaborate musical composition for full orchestra, typically in four movements, at least one of which traditionally uses sonata form.

Sensation

The initial process of detecting and responding to environmental stimuli through the sense organs.

Perception

The process of organizing, interpreting, and understanding sensory information.