Use the Following to Answer Question

question 50

Multiple Choice

Use the following to answer question :
-(Table: Fish and Coconut Production Possibilities) Use Table: Fish and Coconut Production Possibilities.The table shows the maximum number of fish and coconuts that Tom and Hank can produce if they produce only one good.In the absence of trade,Tom produces and consumes nine fish and two coconuts,and Hank produces and consumes three fish and two coconuts.Now they decide to engage in trade.Which statement is INCORRECT?

• A) For both to become better off,each should specialize in the production of some good.However,since Hank is equally productive in both goods,it doesn't matter which good each specializes in.
• B) For both to become better off,each should specialize completely in the production of the good in which he has a comparative advantage.
• C) After trade,it is possible for Tom to consume 9 fish and 2.5 coconuts and for Hank to consume 3 fish and 2.5 coconuts.
• D) For each individual,the consumption point after trade will lie outside that individual's production possibility frontier.

Recognize the role of art as a form of political and religious expression during this period.

Understand the evolution of portrait and landscape painting, and their popularity in the 17th century.

Acquire knowledge about the influence of Italian masters on Netherlandish artists and the development of a pan-European painting style.

Understand the importance of cost/benefit analysis in decision-making.

---

Definitions:

Temperate Regions

Areas of the Earth characterized by moderate temperatures, neither extremely hot nor cold.

Abiotic Factors

Elements of the nonliving, physical environment that affect a particular organism. Compare with biotic factors.

Temperature

A measure of the average kinetic energy of the particles in a system, indicating how hot or cold the system is.

Latitude

Latitude refers to a geographic coordinate that specifies the north-south position of a point on the Earth's surface.