The Table Below Shows Units of Wheat and Cloth Produced

question 57

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1

-A country benefits from trade if it is able to obtain a good from a foreign country:

• A)that has a very low domestic demand.
• B)the production of which requires a steady supply of unskilled labor.
• C)by giving up less of other goods than it would have to give up to obtain the good at home.
• D)by giving up more of other goods than it would have to give up to obtain the good at home.
• E)that has a substantial number of substitutes in the domestic market.

---

Definitions:

Complement Rate

A term not recognized as a standard financial or mathematical key term, potentially an incorrect or niche terminology.

Discount Date

A specified date when a discount is applied to a payment, reducing the amount owed if payment is made by this date.

Freight

The transportation of goods by truck, train, ship, or aircraft, often involving large quantities of products over distances.

Cash Discount

A reduction in the price of goods or services offered by the seller to the buyer for immediate payment or payment within a specified time frame.