Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions:
Figure: PPF Mexico & United States
-(Figure: PPF Mexico & United States) Use the above figure in which both Mexico and the United States each have 24 units of labor. Mexico has a comparative advantage in ______ and the United States has a comparative advantage in ______.

• A) computers; shirts
• B) shirts; computers
• C) computers; computers
• D) shirts; shirts

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Definitions:

Compensatory Damages

Monetary compensation awarded to a plaintiff to cover actual losses, damages, or injuries as directly resulting from the actions of the defendant.

Intentional Tort

A civil wrong resulting from actions deliberately undertaken by one person intending to cause harm or injury to another.

Attorney Fees

Costs for legal services provided by a lawyer or law firm which a court may order the losing party to pay or that may be included in a settlement.

Compensatory Damages

Monetary compensation awarded to a plaintiff to compensate for actual losses or injuries suffered due to the defendant's actions.