Given Land/water Heating Contrasts, Where Would One Expect to Find

question 56

Multiple Choice

Given land/water heating contrasts, where would one expect to find the coldest winter temperatures in the Northern Hemisphere?

• A) near the North Pole
• B) in Siberia (70°N)
• C) in southern Canada (50°N)
• D) in Oklahoma (35°N)
• E) over the oceans off of Alaska

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Definitions:

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade possibilities.

Opportunity Costs

Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another.

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A trade agreement between parties that provides gains or advantages to all involved parties.

Tariff

a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.