Assume the Following Conditions: in the United States It Takes

question 30

Multiple Choice

Assume the following conditions: In the United States it takes 4 units of resources to produce a ton of potatoes and 5 to produce a ton of coal.In Canada it takes 6 units of resources to produce a ton of potatoes and 10 to produce a ton of coal.According to the theory of comparative advantage, ________.

• A)there would be no basis for trade
• B)the United States should import potatoes from Canada and export coal to Canada
• C)the United States should export both potatoes and coal to Canada
• D)the United States should export potatoes to Canada and import coal from Canada

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Definitions:

Active Statements

Sentences where the subject performs the action stated by the verb, emphasizing the action and making the writing clearer and more direct.

Team Meetings

Organized gatherings where members of a team discuss progress, strategize, and collaborate on projects.

Team Building

Activities and processes aimed at enhancing the cohesiveness and effectiveness of a group or team.

Automated

Involves using computer systems and software to perform tasks without human assistance.