Country a Can Produce Both Wheat and Oranges Using Fewer

question 61

Multiple Choice

Country A can produce both wheat and oranges using fewer resources than country

• A)Country A has a comparative advantage in producing both goods.
• B)Country A has an absolute advantage in producing both goods.
• C)Country B has no comparative advantage.
• D)Country B must have an absolute advantage in producing one of the goods.

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Definitions:

Constitutional Amendments

Changes or additions made to the U.S. Constitution, requiring a significant consensus for ratification as outlined in the document itself.

Hierarchically Structured

Organized in a way that each level is ranked above or below others, typically referring to systems of organization within corporations or institutions.

Public Bureaucracies

Organizational structures within the government responsible for implementing laws and policies, consisting of non-elected officials and agencies.

Hierarchically

Arranged in order of rank, with higher levels of power or importance dominating lower ones.