The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 18

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The product life cycle theory of comparative advantage predicts that a new product will first be produced and exported by:

• A)the nation that was first to demand the new product.
• B)the first firm to successfully copy the technology.
• C)the nation in which it was invented.
• D)the countries with the most stable economy and fewest restrictions on foreign trade.
• E)the company with the most extensive network of international distributors for the product.

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Definitions:

King Philip's War

A conflict between American Indian inhabitants of New England and English colonists and their Indian allies from 1675 to 1676.

Native American

Indigenous peoples of the Americas, including various tribes, cultures, and nations inhabiting the continent before European colonization.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

William Penn

An English Quaker leader and founder of Pennsylvania as a place for religious freedom in the late 17th century.