A Country with a Comparative Advantage in Producing Computer Chips

question 109

Multiple Choice

A country with a comparative advantage in producing computer chips

• A)Has a lower opportunity cost of producing computer chips than its trading partners.
• B)Can produce computer chips with fewer resources than its trading partners.
• C)Can achieve better terms of trade in selling computer chips than its trading partners.
• D)Has greater capacity to produce computer chips,given its resources,than do its trading partners.

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Definitions:

Ackerman Geometry

The front-end setup that allows a vehicle to steer so that the tires track freely during a turn. During a turn, the inboard wheel on a steer axle has to track a tighter circle than the outer wheel. Ackerman geometry is also known as toe-out during turns and it allows the inner and outer wheels to turn at different angles so that both wheels can roll through a turn without tire scrubbing.

Toe-out

A wheel alignment term where the front of the wheels are pointed slightly outward, which can affect handling and tire wear.

Steering Control Arm

The forged link that connects a drag link to the steering knuckle. Also known as a steering arm and a control arm.

Neutralize Suspension

Adjusting or setting a vehicle's suspension system to a neutral position, optimizing balance and performance.