If Resources and Goods Are Free to Move Across States

question 115

Multiple Choice

If resources and goods are free to move across states and if Oregon producers choose to specialize in producing honey while California producers choose to specialize in growing almonds, then we could reasonable conclude that:

• A)​California has a comparative advantage in producing almonds.
• B)​Oregon has a comparative advantage in producing honey.
• C)​the opportunity cost of growing almonds is lower in California than in Oregon.
• D)​all of the above are true.

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Definitions:

Norms

Shared rules or guidelines that prescribe the behavior that is appropriate in a given social situation.

Berry Wellman

A sociologist known for his work in network theory and social network analysis, particularly in relation to communities and social structures.

Social Ties

The connections or relationships between individuals in a society, which can include friendships, family bonds, and professional networks.

Torontonian

Pertaining to or characteristic of someone from Toronto, a major city in Ontario, Canada.