In the Two-Commodity Context, You Are Given the Following Information

question 29

Multiple Choice

In the two-commodity context, you are given the following information pertaining to country I in the year 2009 and the year 2014:
Production of good X in 2009 = 200 units
Production of good X in 2014 = 198 units
Consumption of good X in 2009 = 160 units
Consumption of good X in 2014 = 176 units
Production of good Y in 2009 = 100 units
Production of good Y in 2014 = 120 units
Consumption of good Y in 2009 = 120 units
Consumption of good Y in 2014 = 131 units
Given this information, this country, in 2009, is __________ and, in 2009, the country is __________.

• A) exporting good Y and importing good X; exporting 20 units of good Y and
• Importing 40 units of good X
• B) exporting good Y and importing good X; exporting 11 units of good Y and
• Importing 16 units of good X
• C) exporting good X and importing good Y; exporting 40 units of good X and
• Importing 20 units of good Y
• D) exporting good X and importing good Y; exporting 16 units of good X and
• Importing 11 units of good Y

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Definitions:

Gun

A weapon incorporating a metal tube from which bullets, shells, or other projectiles are propelled by explosive force.

Immunity

Protection against legal action or from disease; in legal contexts, it often refers to exemption from prosecution.

Information

A formal accusation or complaint (without an indictment) issued in certain types of actions (usually criminal actions involving lesser crimes) by a law officer, such as a magistrate.

Prosecution

The legal process of holding someone responsible for a alleged crime, involving the government or state as the prosecuting body.