Use the Following to Answer Questions

question 102

Multiple Choice

Use the following to answer questions
Figure: Gadgets and Widgets
-(Figure: Gadgets and Widgets) According to the graph,which of the following statements is CORRECT?

• A) Total output would rise if Country A specialized in gadgets and Country B in widgets.
• B) Total output would rise if Country B specialized in gadgets and Country A in widgets.
• C) There are no gains from trade.
• D) Total output would fall if Country B specialized in gadgets and Country A in widgets.

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Definitions:

Rules of Court

The regulations and procedures established to govern the conduct, procedure, and administration of court cases.

Lawsuit

A legal action taken by a person or entity against another in a court of law, usually seeking damages or specific performance.

Rules of Conduct

Established guidelines or principles meant to dictate or guide behavior within a specific context or organization.

Copyright Act

Legislation that protects the rights of creators over their original works, such as books, music, and art, from unauthorized use.