Country a Can Produce 10 Yards of Textiles or 6

question 18

Multiple Choice

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Country B can produce 8 yards of textiles or 5 pounds of food per unit of input.

• A)Country A is relatively more efficient than Country B in the production of food.
• B)Country B is relatively more efficient than Country A in the production of textiles.
• C)Country A has an absolute advantage over Country B in the production of food and textiles.
• D)Country B has an absolute advantage over Country A in the production of food and textiles.

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Definitions:

Qualifying Relative

A dependent who does not meet the "qualifying child" criteria but qualifies for certain tax benefits by meeting specific residency, relationship, and support tests.

Qualifying Child

A dependent who meets specific IRS criteria related to age, relationship, residency, support, and filing status for potential tax benefits.

Head of Household

A tax filing status for individuals living in the U.S. who are unmarried and support a qualifying person, offering more favorable tax rates and deductions.

Adjusted Gross Income (AGI)

A measure of income calculated from your gross income and used to determine how much of your income is taxable.