Suppose That the Productivity Per Worker in the Corn and Barley

question 91

Essay

Suppose that the productivity per worker in the corn and barley industries of China and Russia are as follows: $\begin{array} { l c c c } &&\underline{{ \text { Number of Bushels per day } }} \\ &\underline{ \text { Corn } } &&\underline{ \text { Barley } } \\\text { China } & 1 & \text { or } & 2\\\text {Russia}&1& \text { or } &3\end{array}$ a) What is the opportunity cost of 1 bushel of corn for China? For Russia?
b) What is the opportunity cost of 1 bushel of barley for China? For Russia?
c) Suppose there are 1000 workers in both China and Russia. Draw a production possibility curve for China and Russia

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Definitions:

Cumulative Recorder

A device used in behavioral psychology to graphically record responses and visualize the rate of behavior over time.

Upward Slope

Represents an increase or positive change in a graph when one variable rises as another variable increases.

Downward Slope

A decrease or decline in a particular trend, measurement, or value over a period of time.

Readjuster Party

A political movement in Virginia during the late 1870s and early 1880s that aimed to reduce the state's pre-Civil War debt and increase funding for public services, particularly education.