Use the Following Scenario to Answer the Following Questions

question 61

Multiple Choice

Use the following scenario to answer the following questions:
Natasha can produce either 5,000 pounds of cheese or 20 houses per year.Jameson can produce either 5,000 pounds of cheese or 10 houses per year.
-Natasha has a comparative advantage in the production of ________,and Jameson has a comparative advantage in the production of ________.

• A) houses; houses
• B) houses; cheese
• C) cheese; houses
• D) both goods; houses
• E) both goods; cheese

---

Definitions:

Abusive Practices

Actions, especially by those in positions of power, that are harmful, unethical, or exploitative.

Lemon Laws

State laws that protect consumers from the burden of vehicles that repeatedly fail to meet standards of quality and performance.

Magnuson-Moss Act

A federal law aimed at protecting consumers from deceptive warranty practices.

Industry-Wide Safety Standards

Norms and regulations designed to ensure safe practices across an entire industry, often developed by consensus among industry members or mandated by governmental agencies.