Canada and the U

question 134

Multiple Choice

Canada and the U.S.both produce wheat and computer software.Canada is said to have the comparative advantage in producing wheat if

• A)Canada requires fewer resources than the U.S.to produce a bushel of wheat.
• B)the opportunity cost of producing a bushel of wheat is lower for Canada than it is for the U.S.
• C)the opportunity cost of producing a bushel of wheat is lower for the U.S.than it is for Canada.
• D)the U.S.has an absolute advantage over Canada in producing computer software.

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Definitions:

Purchase of Land

The acquisition of real estate property through a financial transaction.

Deferral Method

An accounting principle where income or expenses are postponed to future reporting periods.

Programmatic Reporting

The process of generating reports and documents that are automatically created and distributed by software systems, often used in digital advertising and marketing.

Donations

Gifts of money or goods to charitable organizations or institutions, often tax-deductible for the donor.