-The Data in Table 22-3 Indicate That the United States

question 57

Multiple Choice

 

-The data in Table 22-3 indicate that the United States has

• A)an absolute advantage in both goods, and a comparative advantage in cotton.
• B)an absolute advantage in both goods, and a comparative advantage in wheat.
• C)only a comparative advantage in wheat.
• D)only a comparative advantage in cotton.

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Definitions:

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted, recurring thoughts and repetitive behaviors that the individual feels compelled to perform.

Recurrent

Occurring repeatedly or periodically, often referring to events, symptoms, or conditions that return after periods of absence.

Persistent Thoughts

Recurrent, ongoing thoughts that can be intrusive and difficult to manage, often associated with anxiety and obsessive-compulsive disorders.