Assume That Maximum Feasible Hourly Productions Levels If All Resources

question 193

Multiple Choice

Assume that maximum feasible hourly productions levels if all resources are utilized in the United States are either 3 yards of fabric or 9 bushels of wheat. Maximum feasible production levels if all resources are utilized in Japan are either 6 yards of fabric or 12 bushels of wheat. Based on this information

• A) beneficial trade is absolutely impossible between the two countries.
• B) the United States will benefit from trading but Japan will not.
• C) both nations will gain from specialization and trade, with the United States exporting wheat and Japan exporting fabric.
• D) Japan should specialize in both products.

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Phonology

A branch of linguistics concerned with the systematic organization of sounds in languages, specifically how they are used to encode meaning and affect language structure.

Over-Extension

A common linguistic error in early childhood where a word is used too broadly, covering unrelated objects or concepts.

Bilingualism

The ability of an individual to use two languages effectively.