(Table: Home and Foreign Prices for Manufacturing and Agriculture) Consider

question 44

Multiple Choice

(Table: Home and Foreign Prices for Manufacturing and Agriculture) Consider the information provided about the price of agriculture and manufacturing goods in two countries (Home and Foreign) . If the two countries open their markets for trade, then:

• A) Home has the comparative advantage in agriculture.
• B) Home has the comparative advantage in manufacturing.
• C) Foreign has absolute advantage in both goods.
• D) Foreign has a comparative advantage in manufacturing.

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Definitions:

Segment C

Segment C generally refers to a specific division, category, or portion of a business or market that has been identified for analysis, reporting, or targeting purposes.

Reportable Operating Segments

Distinct parts of a business that are analyzed separately by the management, for the purpose of making decisions and assessing performance.

Financial Statements

Financial statements are official records that outline the financial activities and condition of a business, entity, or individual, including the balance sheet, income statement, and statement of cash flows.

External Customers

Individuals or entities that purchase goods or services from a business but are not part of the same organization.