Maximum Feasible Hourly Production Rates for Either Food or Cloth Using All Available Resources \[\begin{array} { l c r } \hline& \text { Food } & \text { Cloth } \\ \hline \text { U.S. } & 4 & 3 \\ \text { Mexico } & 12 & 6 \\ \hline \end{array}\] -Using the data in the above table,and assuming constant opportunity costs,it is likely that

A) the United States will export food. B) Mexico will import cloth. C) the United States will import both cloth and food. D) Mexico will import both cloth and food. A) the United States will export food. B) Mexico will import cloth. C) the United States will import both cloth and food. D) Mexico will import both cloth and food.

Maximum Feasible Hourly Production Rates (in Tons) of Either Cookies or Coffee Using All Available Resources \[\begin{array}{l} \begin{array} {lll } Product & Country Alpha & Country Beta \\ \hline Cookies & 3 & 8 \\ Coffee & 9 & 4 \end{array} \end{array}\] -Use the above table.Assuming constant opportunity costs,the opportunity cost of producing coffee in country Alpha is ________,and the opportunity cost of producing coffee in country Beta is ________.

A) 0.33 ton of cookies; 2 tons of cookies B) 3 tons of cookies; 0.5 ton of cookies C) 0.375 ton of coffee; 2.25 tons of cookies D) 2.67 tons of cookies; 0.44 ton of coffee A) 0.33 ton of cookies; 2 tons of cookies B) 3 tons of cookies; 0.5 ton of cookies C) 0.375 ton of coffee; 2.25 tons of cookies D) 2.67 tons of cookies; 0.44 ton of coffee

\[\begin{array}{l} \text { Maximum Feasible Hourly Production Rate }\\ \begin{array} { l l c } \hline& \text { Chen } & \text { Holly } \\ \hline \text { Units of Good X } & 50 & 40 \\ \text { Units of Good Y } & 25 & 100\\\hline \end{array} \end{array}\] -According to the above table,which assumes that opportunity costs of producing goods X and Y are constant,Holly has comparative advantage in production of

A) Good X. B) Good Y. C) both goods. D) neither good. A) Good X. B) Good Y. C) both goods. D) neither good.

A) is an affiliate of the World Bank. B) is an organization created to oversee NAFTA. C) was established to resolve trade disputes among member nations. D) provides low interest loans to member nations to help develop their export industries. A) is an affiliate of the World Bank. B) is an organization created to oversee NAFTA. C) was established to resolve trade disputes among member nations. D) provides low interest loans to member nations to help develop their export industries.

Maximum Feasible Hourly Production Rates (in Tons) of Either Wine or Beef Using All Available Resources \[\begin{array}{l} \begin{array} {lll } Product &Argentina & France \\ \hline Wine (gallons)& 30 & 60 \\ Beef (pounds) &10 & 30 \end{array} \end{array}\] -Use the above table.Assuming constant opportunity costs,a comparative advantage in producing beef is possessed by

A) neither Argentina or France. B) both Argentina and France. C) Argentina. D) France. A) neither Argentina or France. B) both Argentina and France. C) Argentina. D) France.