Loss aversion can explain why very little ________ actually takes place in the securities market

In the United States, Texas ranks number one in the amount of installed megawatts for wind power generation and Florida ranks number one in the number of beach vacations. These facts point out that

A) Texas has a comparative advantage in wind power generation. B) Texas definitely has an absolute advantage in wind power generation. C) Florida should produce more wind energy. D) Florida can produce wind energy at a lower opportunity cost than can Texas.

Refer to the figure above. If A forms a customs union with C, the post agreement price will be

A) $10 B) $15 C) $20 D) $25