According to the Following Table,if the US Trades 9 Bushels

question 30

Multiple Choice

According to the following table,if the US trades 9 bushels of wheat to the UK for 8 yards of cloth,the UK gains from trade equal:
$\begin{array}{|l|c|c|}\hline &\text { U.S. }&\text { U.K.} \\\hline \text {Wheat (bushels/hr) }& 9 & 3 \\\hline\text { Cloth (yards/hr) }& 5 & 4 \\\hline\end{array}$

• A)4 bushels of wheat
• B)3 yards of cloth
• C)4 yards of cloth
• D)3 bushels of wheat

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Definitions:

Competitors

Entities that are in the same industry or market and compete against each other for customers, market share, or resources.

Full-Scale Production

The manufacturing of products at the maximum capacity or volume that a facility can sustain, typically after successful pilot production and testing stages.

Product Mix

The total range of products that a company produces or sells, encompassing variety, features, and quality.

Product Lines

Groups of related products marketed by a company, which possess similar features, functions, or are targeted at similar markets.