Examlex

Solved

Suppose That a Worker in Freedonia Can Produce Either 12

question 113

Multiple Choice

Suppose that a worker in Freedonia can produce either 12 units of corn or 4 units of wheat per year, and a worker in Sylvania can produce either 4 units of corn or 12 units of wheat per year. Each nation has 10 workers. Without trade, Freedonia produces and consumes 60 units of corn and 20 units of wheat per year. Sylvania produces and consumes 20 units of corn and 60 units of wheat. Then suppose that trade is initiated between the two countries, and Freedonia sends 60 units of corn to Sylvania in exchange for 60 units of wheat. What maximum amounts will Freedonia now be able to consume?


Definitions:

Limbic System

A complicated web of nerve cells and structures in the brain, essential for instinctual behavior and mood regulation, overseeing basic drives and emotional responses.

Hippocampus

A critical brain structure involved in the formation of new memories and is also associated with learning and emotions.

Neural Center

A central point in the nervous system consisting of neuron clusters that coordinate specific functions.

Explicit Memories

Information and incidents that can be purposely brought to mind.

Related Questions