Suppose That in Colombia One Unit of Labor Can Produce

question 16

Multiple Choice

Suppose that in Colombia one unit of labor can produce 8 tons of papayas or 2 tons of bananas and in Brazil, one unit of labor can produce either 2 tons of papayas or 4 tons of bananas. If each country has two units of labor, which of the following consumption combinations can be attained only with trade?

• A) Brazil consumes 8 tons of bananas and no papayas.
• B) Colombia consumes 16 tons of papayas and no bananas.
• C) Brazil consumes 2 tons of papayas and 4 tons of bananas.
• D) Colombia consumes 8 tons of papayas and 4 tons of bananas.

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Definitions:

Cultural Imperialism

is a concept referring to the domination of one culture over another, often through media and cultural forms, leading to the imposition of the dominant culture's values and practices on the subordinate culture.

Capitalism

An economic system characterized by private ownership of the means of production, profit motive, and market competition.

Markets

Economic systems or environments where buyers and sellers engage in the exchange of goods, services, or information.

Juggernaut

An overwhelming, advancing force or structure that crushes everything in its path.