Comparing East St

question 554

Multiple Choice

Comparing East St. Louis with Rye, which of the following is an accurate description of each?

• A) the former is a big city, with equal numbers of blacks and whites, while the latter is a small town with more blacks than whites.
• B) the former is a small city that is practically all black, while the latter is a suburban town that is practically all white.
• C) the former is a rural town in the cornfields of Illinois that is predominantly white, while the latter is a rural town in the breadmaking district of New York that is predominantly filled with German immigrants.
• D) both East St. Louis and Rye are approximately comparable cities in most regards.

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Definitions:

Free Trade

International exchange of goods permitted to operate freely, devoid of tariffs, quotas, or any form of restraint.

Low-Opportunity Cost Producer

A producer who can produce a good or service at a lower opportunity cost than competitors, enabling more efficient production and allocation of resources.

Joint Output

Joint output describes a situation where the production process results in two or more products being produced simultaneously from the same inputs.

Mutual Gains

Benefits that occur in a situation or transaction that are advantageous to all involved parties.