If Country a Can Produce Both Products X and Y

question 51

Multiple Choice

If country A can produce both products X and Y more efficiently,that is with smaller amounts of resources than can country B:

• A)mutually advantageous specialization and trade between A and B may still be possible
• B)we can conclude that A is an "advanced" economy and B is "less developed"
• C)it will necessarily be advantageous for B to import both X and Y from A
• D)mutually advantageous specialization and trade between A and B will not be possible
• E)it will necessarily be advantageous for A to import both X and Y from B

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Definitions:

Apartheid Regime

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Joseph McCarthy was an American senator known for leading the charge against alleged communist infiltration of United States government institutions during the 1950s, a period known as the McCarthy era.

Defense Department

The part of the United States federal government responsible for coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces.

Communist Party

A political organization advocating the principles of communism, including the pursuit of a classless society through the overthrow of capitalism.