If the World Price of Apples Is Higher Than Argentina's

question 17

Multiple Choice

If the world price of apples is higher than Argentina's domestic price of apples without trade,then Argentina

• A)should import apples.
• B)has a comparative advantage in apples.
• C)should produce just enough apples to meet its domestic demand.
• D)should refrain altogether from producing apples.

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Definitions:

Brinelling

Minor indentations on the shoulder or in the valley of a bearing race, usually caused by improper installation.

Spalling

Surface fatigue that occurs when chips, scales, or flakes of surface metal separate because of fatigue rather than wear.

Galling

A metal-to-metal wear failure characteristic caused by lack of lubricant or extreme overload.

Slip Yoke

A yoke that accommodates linear movement; the forward yoke in a drive shaft with female splines to which male splines in the main drive shaft tube are inserted to form a slip joint.