Canada and the U

question 134

Multiple Choice

Canada and the U.S.both produce wheat and computer software.Canada is said to have the comparative advantage in producing wheat if

• A)Canada requires fewer resources than the U.S.to produce a bushel of wheat.
• B)the opportunity cost of producing a bushel of wheat is lower for Canada than it is for the U.S.
• C)the opportunity cost of producing a bushel of wheat is lower for the U.S.than it is for Canada.
• D)the U.S.has an absolute advantage over Canada in producing computer software.

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Definitions:

Short Reports

Short reports are concise documents focused on presenting facts, findings, or updates, often used in business, science, and academia for quick information dissemination.

Brevity

The quality of expressing something in very few words or being concise in speech or writing.

Two-Division Level

A structural level in organizations or competitions that divides entities or participants into two distinct groups.

Feasibility Study

An assessment of the practicality and potential success of a proposed project or system, examining aspects such as economic, technical, legal, and scheduling considerations.