Two Masses,m₁= 3

question 48

Multiple Choice

Two masses,m₁= 3.0 kg and m₂ = 4.0 kg rest on a frictionless surface as shown.A force of 7.0 N is applied to m₁.What is the acceleration of the two masses?

• A)1.0 m/s²
• B)2.5 m/s²
• C)3.0 m/s²
• D)3.5 m/s²

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Comparative Advantage

The ability of an entity to produce a good at a lower opportunity cost than another entity, leading to potential gains from trade.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors, using the same amount of resources.

Resource Endowments

These are the natural, human, and technological resources available to a country or region, crucial for economic development.

Comparative Advantage

A concept in economics that refers to a country's ability to produce goods and services at a lower opportunity cost than that of trade partners.