Select a correct fact about comparative advantage and trade:
a. All countries must strive to produce a single (or maybe two) product(s) at the cheapest cost.
b. Producing a product more cheaply is not necessarily in the best interest of trade partners.
c. Some regional markets can withstand two countries producing a single cheap product.
d. Comparative advantage is most beneficial if countries have protectionist policies in place.
Ans: b
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Edmund Burke's theory of how members of a legislature should represent a district is:
a. the legislator must act as a delegate, only doing what the people want. b. the legislator must act as a trustee, doing what he/she believes to be correct. c. the legislator must act as a politico, doing a combination of a and b. d. the legislator must do as little as possible, so as not to cause harm. e. the legislator must always do what his or her party wants.
The greenhouse effect, which traps heat inside the atmosphere, comes from increases in the carbon dioxide content in the air. Its result is known as
a. air pollution. c. global warming. b. the ozone layer. d. natural decay.