If There Are Two Goods and Two Countries, Then One

question 205

Multiple Choice

If there are two goods and two countries, then one country can have

• A) a comparative advantage in only one good.
• B) a comparative advantage in both goods.
• C) a higher opportunity cost of producing both goods.
• D) a lower opportunity cost of producing both goods.

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Definitions:

1900

A year that marks the beginning of the 20th century, noted for various historical, cultural, and technological developments around the world.

Racial Conventions

Socially constructed beliefs, practices, and norms that define and differentiate races, often leading to discrimination and societal inequalities.

Jack Johnson

Jack Johnson was the first African American world heavyweight boxing champion, renowned for his groundbreaking career and the racial prejudices he fought against during the early 20th century.

Racial Decorum

The expected or prescribed manners and behaviors regarding race and inter-racial interactions, often within a specific cultural or societal context.