Refer to the Information Provided in Figure 18

question 219

Multiple Choice

Refer to the information provided in Figure 18.2 below to answer the questions that follow. Figure 18.2
-Refer to Figure 18.2. The theory of comparative advantage suggests that

• A) England should import trucks and export cars.
• B) England should export both trucks and cars.
• C) the United States should export both trucks and cars.
• D) the United States should export cars and import trucks.

---

Definitions:

Income

refers to money received, especially on a regular basis, for work or through investments.

Pizza

A popular dish of Italian origin, consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and various other ingredients, baked at a high temperature.

Books

Bound printed works consisting of written or illustrated pages, typically used for reading or study.

Weak Axiom

A concept in consumer theory that assumes if a consumer prefers a bundle A over bundle B when prices are unchanged, they will not prefer B over A if the price of A decreases and B remains the same or increases.