If with One Unit of Labor the U

question 60

Multiple Choice

If with one unit of labor the U.S. can produce 20 units of computer software and 10 units of computer hardware and China can produce 6 units of software and 4 units of hardware then trade can make

• A)the U.S. better off but not China.
• B)China better off but not the U.S.
• C)neither better off.
• D)both better off.

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Definitions:

Low-Viscosity

a property of liquids that denotes a low resistance to flow, characteristic of substances that pour easily at room temperature.

Intrinsic

Referring to something that is inherent or natural, often used to describe motivation or value coming from within rather than external rewards.

Extrinsic

Originating from outside rather than from within a person, often referring to external motivations or factors.

Personal

Relates to or concerns an individual's private life, feelings, or circumstances.