Assume That Greece Has a Comparative Advantage in Fish and Germany

question 50

Multiple Choice

Assume that Greece has a comparative advantage in fish and Germany has a comparative advantage in cars.Also assume that Germany has an absolute advantage in both fish and cars.If these two countries specialize and trade so as to maximize the benefits of specialization and trade,then

• A)the two countries' combined output of both goods will be higher than it would be in the absence of trade.
• B)Greece will produce more fish than it would produce in the absence of trade.
• C)Germany will produce more cars than it would produce in the absence of trade.
• D)All of the above are correct.

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Definitions:

IV

Intravenous, a method of delivering medication or fluids directly into a vein.

Ml

Abbreviation for milliliter, a unit of volume in the metric system commonly used in medicine and science.

Culturally Competent Care

Healthcare that is respectful of, and responsive to, the health beliefs, practices, and cultural needs of diverse patients.

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.